BEAC Governor debunks FCFA devaluation rumours.

Sana Bangui issued the clarification in a statement issued January 16. He dismissed reports that have sparked anxiety that the FCFA currency used in the Central African Economic and Monetary Community, CEMAC, will soon devaluated.

The Governor reiterated that the FCFA currency is not under any threat of devaluation. He said the currency continues to enjoy reassuring economic benchmarks.

“Contrary to certain unfounded rumors circulating on social media, BEAC wishes to reaffirm in the strongest terms that no devaluation of the CFA franc is on the agenda,” he stated.

He reiterated that “…our currency, guaranteed by cooperation with France and backed by comfortable foreign exchange reserves, remains stable and convertible”.

Given a growth projection of 4.6% for 2026, he urged the population to remain calm and vigilant in the face of “fake news”. 

The Governor underscored that irrespective of certain challenges within the CEMAC sub region, there is no reason for any devaluation of the FCFA currency. He emphasised that the subregion is “healthy and resilient”.

The statement also noted that: "The Central Bank also ensures strict compliance with foreign exchange regulations and the centralization of export earnings in order to strengthen the management of external liquidity and improve the transparency of financial flows".

The Central Bank, Sana Bangui stated, remains committed to maintaining price stability and supervising the financial system of the sub region.

The Bank also stressed the need for new deals between the IMF and other CEMAC countries such as the Central African Republic and Chad. 

Both countries are yet to reach new deals with the IMF for the disbursement of resources.

With Heads of State of CEMAC expected to meet in an Extraordinary Summit on January 22, reports which the Governor insisted are unfounded had emerged that devaluation is top on the agenda.

Media reports had indicated that the International Monetary Fund, IMF, has requested such a move. The Central Bank is said to have noted that:  "Inflation remains under control at 2.2% in 2025, below the EU threshold of 3%. It is expected to settle at 2.7% in 2026, reflecting continued price stability”.

During its Monetary Policy Committee, MPC, on December 15, 2025, the BEAC Governor had said   foreign exchange reserves, it will decline by 2.6 percent, reaching 6.377.3 billion FCFA as at  the close of the year.

He had explained that the amount could cover 4.2 months of the import of goods and services for the sub region. The statistics, BEAC officials hold, can still guarantee the convertibility of the currency without resorting to devaluation

This article was first published in The Guardian Post Edition No:3679 of Tuesday January 20, 2026