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Spotlight | Central Africa
Pressure mounts on CEMAC to relax foreign exchange rules

Abbas Mahamat Tolli, governor of the Bank of Central African States, in Paris in 2018.
Abbas Mahamat Tolli, governor of the Bank of Central African States, in Paris in 2018. © Henri Szwarc/Abaca
The main foreign investors in the Economic and Monetary Community of Central Africa are alarmed by the regional body's foreign exchange regulations, considering them to be too tough. But despite intense lobbying, a relaxation of the rules looks unlikely, the central bank having set itself ambitious objectives for foreign currency reserves. And the advantages of the extractive industries are now being called into question too. [...]
Published on 17.03.2023 at 04:40 GMT Reading time 4 minutes Christophe Le Bec, Clotilde Ravel, Antoine Rolland
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