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EN
BEAC Says ‘Type 2020’ Notes Remain Secure Despite Counterfeit Reports
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
In a September 17 statement, the central bank said that the reported counterfeiting of its new "Type 2020" banknotes represents a "very low, even negligible, proportion compared to the volume of BEAC notes in circulation."
The bank maintains that the new notes are unfalsifiable due to reinforced security features based on cutting-edge technology.
"None of the security features of the new banknotes have been successfully reproduced by counterfeiters," the institution said.
Analyses conducted by the BEAC's counterfeit laboratory confirm that the fake notes seized by law enforcement are merely simple color copies made on office paper, lacking any genuine security features.
The bank urged its institutional clients and the public to remain vigilant, recommending they systematically check for public security and authentication features.
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