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Find all the economic and financial information on our Orishas Direct application to download on Play StoreFor its 36th open market operation since the appearance of the first case of Covid-19 contamination in the WAEMU area, the Central Bank of West African States (BCEAO) injected, on Monday 21 December, 3,670.9 billion CFA francs on the Union's interbank market. The call for tenders recorded the participation of 90 commercial banks, spread over all the WAEMU member states. The operation was carried out at a fixed interest rate of 2% and will allow the said banks to refinance comfortably on the weekly refinancing window of the Central Bank. The value date of the loans is set at December 22, 2020 and the maturity date at December 28. They were mainly requested by Ivorian commercial banks, up to 1,292.8 billion CFA francs, followed by Senegalese banks (575.7 billion FCFA) and Malian banks (464.5 billion FCFA).
Open market operations aim to supply the WAMU interbank market with liquidity in order to support economic activity. During the last operation, 3,460 billion CFA francs were injected.
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