Draft:Abbas Tolli

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• Comment: See WP:COI. See also WP:BLP. Statements, starting with the date of birth, need to be sourced or removed.
  External links should also be removed or converted to inline citations where appropriate. Greenman (talk) 21:52, 15 September 2024 (UTC)

Abbas Mahamat Tolli is an economist and public figure who served as the fifth Governor of the Banque des Etats de l'Afrique Centrale (BEAC), the central bank of the Economic and Monetary Community of Central Africa (CEMAC), holding that position from February 2017 until February 2024.

Abbas Mahamat Tolli was born in Abéché, Chad, in 1972.^[1] He holds a degree in Business Administration from the University of Quebec. He also has a degree in Economics from the École Nationale d'Administration in Paris.^[2]

Tolli has held a series of positions of increasing responsibility in Chad and in regional institutions: ^{[1] [2]}

• 2001-03: Director-General of the Customs Department

• 2003-05: Director, Office of the President
• 2005 Secretary of State for Finance
• 2005-08: Minister of Finance
• 2008-10: Secretary-General, BEAC
• 2011-12: Minister of Infrastructure
• 2012: Secretary-General, COBAC. Tolli oversaw the introduction of a new IT master plan, as well as introducing new banking regulations, notably new capital requirements^[3] and new internal control procedures. ^[4]
• 2015-16: President, BDEAC: in 2015, the regional bank supervisor, the COBAC, conducted an audit that showed that the Bank's resources were insufficient to meet its loan commitments.^[5][6] An interim action plan was approved by the BDEAC Board of Directors in December 2015. The Action Plan included the modernization of the BDEAC's software and accounting systems; a capital increase; modernizing the governance structure and recruiting new staff; and a focus on loan collections.^[7]
• 2017-24: Governor, BEAC: When Tolli assumed office, the BEAC's international reserves were low, member countries were in recession, and there was some discussion of the possible need for a devaluation of the CFA franc.^[8] An operational audit in 2017 laid the groundwork for a reform plan, implemented in the succeeding years, covering monetary operations, macroeconomic management, financial sector reform, and internal management. ^{[9][10] [11][12]}

In April 2022, the Central African Republic passed a law adopting the cryptocurrency Bitcoin as legal tender, only the second country in the world to do so. Tolli, in opposing this move as contrary to the regional treaties governing the BEAC. The CAR was eventually compelled to suspend the new law pending the issuance of BEAC regulations governing cryptocurrency in the region.^[13][14]