2025-08-01
Added · Updated
Issued by the Governor of the BCEAO, this Instruction establishes strict import and export conditions for banknotes and coins denominated in foreign currencies handled by authorized intermediaries. It mandates that all such transactions be declared to customs and carriers at a fixed value of 100,000 CFA per package, while requiring intermediaries to submit monthly summary reports using designated annex models no later than ten working days after month-end. The directive fully repeals prior related provisions and enters into force on August 1, 2025.
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Imports intended to cover the needs of non-resident clients, acting in the capacity of diplomatic missions or international officials, holding accounts duly opened in the books of authorized intermediaries, may exceptionally be carried out in strict compliance with the conditions governing the operation of said accounts.
Article 3: Import and Export Declaration of Banknotes or Coins Denominated in Foreign Currencies
In accordance with the provisions of Article 53 of Annex II to Regulation No. 06/2024/CM/UEMOA of December 20, 2024, any export or import of banknotes and coins denominated in foreign currency by an authorized intermediary is declared to customs and the carrier at a value of one hundred thousand CFA francs per package. Authorized carriers must retain a copy of the declarations made and present them upon request by the competent authorities.
Article 4: Report to Control Authorities
Authorized intermediaries transmit to the BCEAO and the Structure responsible for External Finance, at the end of each month and no later than ten working days after the end of the relevant month, a summary statement according to the model reproduced in Annex 1 of this Instruction, covering:
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Source: Banque Centrale des Etats de l'Afrique de l'Ouest — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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