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CEMAC: BEAC injects 120 billion FCFA into the coffers of credit institutions

19/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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A press release from the Bank of Central African States (BEAC) published on June 11, the institution indicated that it had injected 120 billion CFA francs into the coffers of credit institutions in the six countries of the Economic Community and mon& Central African Estuary (CEMAC

).

Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad are the six countries benefiting from 120 billion CFA francs from the BEAC. This resumption of liquidity injections came after 15 years of tightening credit conditions. It is the first of its type since February 2023, when the Central Bank suspended these operations. the suspension of liquidity injection operations in CEMAC banks was part of the tightening of monetary policy against monetary inflation (20%) in

this sub-region.
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