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The central bank will circulate new notes of 20,000 Fgn & upgraded and 10,000 fgn resized with new security features

Despite the difficulties faced by the population for the use of small banknotes in the market and in road traffic, the governor of the central bank has just announced the release in the coming days and months of new banknotes 20000 Guinean francs (twenty thousand Guinean francs) improved.  

The announcement was made Monday, November 5, 2018, by Lounceny Nabé, governor of the Central Bank of the Republic of Guinea (BCRG) during the plenary on the presentation of the draft finance law initial 2019 held in the hemicycle from the palace of the people.

At the beginning of his remarks, Lounceny Nabé said that in terms of supervision of the financial system, the central bank will continue its reforms for the implementation of supervision based on risks.

 And as part of the development of the credit information system, the bank is considering the upcoming participation of micro-finance institutions and subsequent e-money institutions.

Similarly, he adds, ” It will carry out a biometric census of registered customers in the credit information system with the help of banking institutions. In the coming years, it will strive to promote the credit information system and subsequently must lead to a credit bureau  .

As part of its new reforms, particularly to meet one of its fundamental missions, the governor of the Central Bank of the Republic of Guinea makes an announcement “The central bank will circulate new notes of 20,000 Guinean francs. upgraded and 10,000 fgn resized with new security features in both cases. “

Finally, he said, “the bank intends to strengthen its internal institutional mechanism to combat money laundering and terrorist financing with a view to establishing a culture of compliance.

Sources: africatribune

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