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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Wednesday, October 14, 2022, the regular meeting of the BCEAO Monetary Policy Committee (CPM) took place in Dakar. The opening was attended by Jean-Claude Kassi Brou, Governor of the Central Bank of West African States. The discussions revolved around the best strategy that banks should adopt in the era of the digital revolution in the banking sector.
On the two days of discussions in Mauritius, the 22 African countries gathered together called on central banks to play their full role in the new digital currency ecosystem ; Rique, which, according to them, is within Africa's reach. Indeed, the divide that exists between Africa and the rest of the world shows, for example, that the Central African Republic has 9% of its population who use a computer. A delay that is coming to an end today thanks to mobile services.
Thus, Hervé Ndola, Central African Minister of Finance, called for central banks to support these new practices. For him, “the bank has every role to play in matters of regulations, means of payment, etc. All this must be done within a normative and regulatory framework.” According to him, thanks to mobile technologies, the Central African Republic has launched numerous national and local initiatives, in particular the payment of civil servants' salaries via mobile because they are geographically far from banks.
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