The Central Bank of West African States (Bceao) informs that the increase in the money supply in April 2023 was mainly the result of the increase in claims by deposit-taking institutions on resident units: 53,960.8 billion CFA francs in April against 45,701.2 billion CFA in April 2022 and 53,444.3 billion CFA in March 2023.

The growth in the money supply is moderated by the deterioration of net foreign assets (Aen), which continues to reach 2,943.1 billion CFA francs last April, compared to 2,878.0 billion in March, compared to 7 291.2 billion in April 2022.Estimates indicate an annual growth rate of the Union's money supply of 8.4% to at the end of May 2023 compared to 7.9% a month earlier

Thus, there would be an increase of 3 618.9 billion, which would be mainly linked to an increase in domestic claims of 18.9%. The strengthening of domestic claims would be linked to the expected increase, year-on-year, in net claims on central public administration units (+21.7%), accentuated by the increase in claims on the economy (+17.1%), specifies the