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Issues on the Umoa money market: 30 billion CFA francs escapes Mali

13/01/2022
Categories: Index/Markets

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The Malian State should carry out an operation to issue assimilable treasury bonds on January 12, 2022. The country was deprived of this loan of 30 billion FCFA because of the sanctions taken against the head of transition Assimi Goîta who intends to s remain there until 2025.

Mali has just been denied access to the monetary market of the West African Monetary Union (Umoa) to mobilize a fund of 30 billion FCFA. This sum intended to replenish its cash from January 12, 2022, through an issue of assimilable treasury bonds (Bats) with a maturity of 12 months was simply and simply canceled. These measures taken will cause enormous damage and a real loss of earnings for Mali, which is part of the implementation of the new sanctions imposed by the Economic Community of West African States (ECOWAS) on the place in Mali.

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