The Bank of Central African States (BEAC) wants to take back 50 billion in cash from banks in the area. To this end, it launched, on Monday, a call for tenders with a view to taking over their long-term liquidity (1 year) for a fixed interest rate of 0.50%.

This recovery aims to relieve commercial banks in a situation of excess liquidity, likely to inject more funds into the economic circuit than necessary at the risk of generating inflationary tendencies on the sub-regional market. In the other direction, the BEAC regularly injects liquidity into other banks wishing to meet their financing needs for the economies of the Economic and Monetary Community of Central Africa, which includes Cameroon, the Central African Republic, Congo , Gabon, Equatorial Guinea and Chad.