APA-Dakar (Senegal) The Central Bank of West African States reminds the Senegalese public that replacing damaged banknotes is free of charge.
BCEAO remains adamant that a communiqué circulated on social media giving recommendations to credit
institutions of the West African Monetary Union (UMOA) on damaged CFA franc banknotes “does not emanate from its services.”
The BCEAO denies the information and therefore advises credit institutions, the media and the public to be very vigilant and to refer only to the official communication channels of the issuing institution.
It also reminds that all its notes are published on its website www.bceao.int, as well as, if necessary, in the written and audiovisual press of the West African Monetary Union (UEMOA) member states.
The BCEAO reserves the right to initiate legal proceedings against the authors and accomplices of acts and messages likely to undermine the monetary signs that are legal tender in the member states of UEMOA
(Benin, Burkina, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo).
It also reminds the public that the damaged monetary signs of its notes can be exchanged at its open counters in the agencies of each UMOA member state, and specifies that the rules and conditions of exchange remain unchanged.
It encourages the populations who hold mutilated, degraded or stained coins and notes to exchange them at its counters or at the counters of the banks installed in UMOA.
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