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Bank refinancing market: The Beac maintains at 250 billion FCFA the liquidity injected into banks

26/05/2021
Categories: Economy/Forex

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Despite the explosion in demand, the Beac maintains the same value for the liquidity injected into banks. On May 25, 2021, the Bank of Central African States (Beac), the issuing institution of the six CEMAC countries (Cameroon, Congo, Gabon Chad, CAR and Equatorial Guinea), made available to banks operating in this community area, a liquidity envelope of 250 billion FCFA.La central bank maintains its initial weekly envelope for the benefit of credit institutions despite the increase in demand from banks observed since the beginning of 2021. The explosion of demand on the bank refinancing market by the central bank is such that in March 2021 alone, a record envelope of 1,213 billion CFA francs was injected into cemac's banking sector.

"Credit institutions in the sub-region had never captured so many resources during the central bank's weekly liquidity injection operations over a period of one month," notes the Cameroon Autonomous Amortization Fund (CAA) in its report on Cameroon's public debt at the end of March 2021.

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