The initiative, led by the bank’s Markets and Client Solutions division, aims to ease the usual deposit bottlenecks ahead of regulatory deadlines. By opening its counters for the systematic collection of the targeted series, the country’s leading banking network provides a frictionless conversion channel, safeguarding the financial assets of its clientele against the scheduled revocation of these coins’ legal tender status.

 For cash holders without formal banking relationships, the network’s branches serve as onboarding and administrative guidance points. This collection protocol drains currency from the informal circuit and channels it to the Bank of Central African States (BEAC) for regulated recycling and destruction.

The commitment of second-tier banks is the indispensable technical linchpin for the success of monetary reforms decided by community authorities. Internalising the demonetisation schedules and criteria requires constant proactivity to guarantee payment system stability and avoid the paralysis of retail transactions. By aligning its operational apparatus with UMAC requirements, Afriland First Bank confirms its strategic role as a relay for monetary policy in the CEMAC zone, ensuring a smooth transition to the central bank’s new metallic issuance structures.


BCN

Tags: démonétisation afriland first bank pièces anciennes beac cémac bancarisation politique monétaire recyclage monnaie transition monétaire collecte pièces