Lawmakers in Togo have adopted a new bill aimed at strengthening the repression of currency counterfeiting and attacks on monetary symbols within the West African Economic and Monetary Union (UEMOA).
The parliamentary session was chaired by Komi Selom Klassou, President of the National Assembly of Togo, in the presence of the Minister of Economy and Finance, Essowè Georges Barcola.
Authorities said the reform updates the 1982 uniform law on counterfeiting adopted by UEMOA member states, adapting the legal framework to the growing threat posed by counterfeit currency to financial stability.
The new legislation introduces additional offences related to the counterfeiting of banknotes and coins, establishes criminal liability for legal entities, and requires that seized counterfeit currency be transferred to competent authorities.
It also clarifies sanctions, judicial procedures, and the role of the Central Bank of West African States (BCEAO) in centralizing counterfeit banknotes and coins.
Officials say the law will help strengthen regional cooperation against criminal networks, protect the common currency, and enhance confidence in financial transactions across the UEMOA region.
