Effective 1 March 2019 the foreign currency export rules for the six countries which make the CEMAC, Cameroon, Central African Republic, Chad, Congo Republic, Equatorial Guinea and Gabon, have been modified. The limit for the export of foreign currency has been raised from the equivalent of XAF 200,000 to XAF 5 million.
Persons desiring to export larger amounts must present “convincing justifications, failing which, the customs administration would have to confiscate the surplus and hand it to the central bank.”
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©2019 MRI BANKERS’ GUIDE TO FOREIGN CURRENCY™
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