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Refusal of coins: Reminder of BCEAO measures on the sidelines of FIKA 2021

09/11/2021
Categories: Economy/Forex

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Visiting the Kaolack International Fair (FIKA), the National Director of the Central Bank of West African States for Senegal (BCEAO), Ahmadou Al Amin Lô recalled the measures taken by the financial institution to end the refusal of coins.

The national director, Ahmadou Al Amin Lô returned extensively to the opportunities presented by the financial system for SMEs without forgetting to recall the measures taken by the financial institution to put an end to the refusal of coins. “We have been made aware of the reluctance of a few traders and carriers to accept the coins, and vigorous action has been taken as we have brought them together to raise awareness. From Dakar with our regional agency, we reminded them that everything concerning the currency comes under an official press release from the BCEAO, these coins continue to be legal tender, the populations had some fears which we have lifted. said Ahmadou Al Amin Lô. He informs that traders and carriers who hold a stock of parts that they are unable to circulate or replace can go to the auxiliary agency on Wednesdays and Thursdays to exchange them without reservation.

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