The Bank of Central African States (BEAC) informs through a note the reasons for the alternation between the withdrawal and the injection of financial resources on the money market of the sub-region.

The BEAC justifies its operations of injection (provision) and recovery (withdrawal) of liquidity on the money market of the Economic and Monetary Community of Central Africa (CEMAC). “During its ordinary session of June 28, 2021, after having taken note of the evaluation of the implementation of the measures adopted since March 2020 to deal with the Covid-19 crisis, and taking into account the persistence of this pandemic in the CEMAC, the Monetary Policy Committee (CPM) has decided to continue the application of certain measures taken in support of the economies”, indicates the institution in its note. The CPM of the Central Bank has decided to reorganize the methods of allocating liquidity on the money market. In this perspective, it carries out operations to recover money from commercial banks in a situation of excess liquidity, in order to prevent this from generating inflation on the market. The objective pursued by the initiative is to support certain credit institutions in need of liquidity and which can only obtain it essentially from the BEAC.