Regulatory Alerts2020-08-03
CEMAC Foreign Exchange Regulation No. 02/18
The Ministerial Committee of the Central African Economic and Monetary Community (CEMAC) has adopted this regulation to define the organization and conditions for foreign exchange transactions within its member states. It applies to all resident and non-resident economic agents for current and capital transactions, emphasizing compliance with anti-money laundering and counter-terrorism financing regulations. The regulation establishes the CFA Franc's fixed parity to the Euro, details rules for currency imports and exports, exchange rates, and the roles of authorized intermediaries.
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