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Central Bank: BCEAO's official reserve assets increased by 2,309 billion CFA francs

27/07/2022
Categories: Economy/Forex

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The Central Bank of West African States (BCEAO) indicates in its annual report that its official reserve assets stood at 14,040 billion CFA francs (21.4 billion euros) at 31 d December 2021. Compared to the year 2020 when its assets were 11.731 billion FCFA (17.9 billion euros), there was an increase of 2,309 billion FCFA (3.5 billion euros, +20%). Recall that the BCEAO is the central bank of the eight states of the West African Economic and Monetary Union (UEMOA).

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