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Cemac: the Central Bank launches the “BEAC NG2020" application

04/08/2025
Source : ORISHAS FINANCE
Categories: Sectors

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To fight against counterfeit money and counterfeit notes in circulation in the countries of the Economic Community of Central African States (CEMAC), the Bank of Central African States (BEAC) launched, on 30 July, a free mobile application called BEAC NG2020. Available on the App Store and Google Play, it is written as part of its strategy to secure trust and combat counterfeiting

.

In a context marked by an increase in counterfeiting, BEAC offers a technological solution at the service of citizens and professionals alike. Thanks to BEAC NG2020, users can now compare the security features visible on their banknotes to those officially referenced, thus reducing the risks of scams linked to the circulation of counterfeit money. The application covers consumer security signs as well as professional signs, allowing a double reading depending on whether you are a simple user or a player in the financial sector

.

The initiative is part of a wider desire to modernise the regional trust system. It complements existing measures such as awareness-raising campaigns, professional training and detection mechanisms put in place in financial institutions. For BEAC, the objective is clear: to reduce the economic impact of counterfeiting, which weakens transactions and undermines confidence in the

regional currency.
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