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BEAC FOREX Regulations Putting Restraints on Prosperity

  • All routine transactions over USD 1,700 now require qualifying documentation and government approval.
  • Businesses must obtain specific government authorization to open a foreign bank account, or to domicile a foreign currency account in a CEMAC area.
  • Export proceeds over 5 million FCFA (Central African Francs) must be repatriated within 150 days of the exportation date.

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