Is the CEMAC Buyers Permit Real or scam
Introduction
African governments are interested in buying gold from individuals as well as trust companies who want to sell gold. These governments have millions of dollars worth of gold that they are willing to sell and exchange for US dollars. However, you must be an approved buyer before you can buy or sell CEMAC Gold. There is a lot of money available for this purchase and there is no limit on how much you can buy or sell.
In the year 1999, member states of the Economic and Monetary Community of Central Africa (CEMAC) comprised of Cameroon, Chad, Republic of the Congo, Gabon and Equatorial Guinea. The CEMAC is a customs union with a central bank, the Bank Of Central African States (BEAC).
The CEMAC is a customs union with a central bank, the Bank Of Central African States (BEAC). The member states of the Economic and Monetary Community of Central Africa (CEMAC) comprised of Cameroon, Chad, Republic of the Congo, Gabon and Equatorial Guinea.
In 1999, these five countries signed a treaty to establish this economic and monetary community. The agreement gives each member state exclusive control over its fiscal policy but they share a common currency called the CFA franc issued by BEAC in denominations of 500 CFA francs to 50 000 CFA francs. Each country in this union issues their own coins and notes denominated in that same currency.
The purpose of this Union has been to create a common currency for these central African states that is not pegged against the dollar or Euro. The single currency is called CFA Franc and its value is 1.7 francs for 1 USD dollar equivalent.
The Central African Economic and Monetary Union (CEMAC) is a regional organization of seven states in central Africa. These states are: Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea, Gabon and Sao Tome & Principe.
The purpose of this Union has been to create a common currency for these central African states that is not pegged against the dollar or Euro. The single currency is called CFA Franc and its value is 1.7 francs for 1 USD dollar equivalent. The CFA Franc was created by France in 1945 when it divided its colonies into two zones; one French West Africa (AOF) and another French Equatorial Africa (AEF).
In 1958, the AEF was given their own central bank which issued currency on behalf of all five countries within it but maintained exchange rates with France at 100 CFA francs per French franc until 1961 when France devalued its currency relative to theirs by 20%. This led to unrest among workers who felt they were being cheated out of their wages due to inflation caused by devaluation of the new currency being issued outside their country’s borders while holding onto old bills that retained their original value despite changes elsewhere around them
The CFA (Communaute Financiere Africaine) comes in coins and banknotes in denominations of 1, 2, 5 and 10. There are also 20, 50 and 100 CFA coins available.
The CFA franc is issued in coins and banknotes. The coins are in denominations of 1, 2, 5 and 10. Banknotes are available in denominations of 20, 50, 100 and 200 CFA francs that can be used to make payments within the African Economic Community (AEC).
There are no banknotes printed on paper as these notes are not accepted by merchants who accept credit cards.
Gold Sales to the Union’s government – which has considerable gold reserves – are only possible via officially authorized dealers or government representatives in each country.
- Gold sales to the Union’s government – which has considerable gold reserves – are only possible via officially authorized dealers or government representatives in each country.
- The buyer permits (CEMAC Buyers Permits) can be obtained from any of the member states. In case of doubt, please contact our customer service team at [email protected]
African governments are interested in buying gold from individuals as well as trust companies who want to sell gold.
African governments are interested in buying gold from individuals as well as trust companies who want to sell gold. The CEMAC buyers permit is not a scam and there are authentic documents issued by African governments that can be used to buy or sell gold within the CEMAC countries.
Conclusion
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