Governor, Central Bank Philibert Andzembe of Cameroon

Although an exchange disparity exists between the CFA franc and the euro, Andzembe said people should not think of devaluation -- a statement he buttressed using the deutsche mark as an example: Germany's currency continued to be used to carry out business transactions with some European countries sometime ago even though it had greater value than the currencies of those countries.

Mr Philibert ANDZEMBE is visiting unity palace only few months after taking office as Governor of the Central Bank.

Andzembe has reportedly added that in addition to the adopted legal framework, COBAC will now go into a more repressive phase to ensure that the established rules are respected.

Philibert ANDZEMBE said that during the audience, he discussed the economic problems of CEMAC and Cameroon with the Head of State.

3 million against 445,000 in 2000", Andzembe said during the recent forum on microfinance organised in Yaounde.

The Governor of the Bank of Central African States, Philibert Andzembe says in addition to the adopted legal framework, COBAC will now go into the repressive phase to ensure that the rules of the game are respected.