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Cemac: Beac cuts monthly liquidity injection into banks to CFA254bn, in September 2018

Cemac: Beac cuts monthly liquidity injection into banks to CFA254bn, in September 2018
  • Comments   -   Wednesday, 21 November 2018 15:00

(Business in Cameroon) - The average monthly cash injection into banks in Cemac area fell by nearly CFA30 billion to CFA254.5 billion in September this year from CFA284.5 billion as at June 30, 2018. This was revealed in the central bank Beac’s monetary policy report issued October 2018.

In detail, of the envelope, Cameroon captured CFA36.1 billion compared with CFA27.3 billion between June and September with a peak of CFA46 billion in July. Central Africa received CFA30 billion in September against CFA43 billion in June. Congo collected CFA37.4 billion in September compared with CFA52 billion in June with a peak of CFA57.3 billion in July.

Gabon benefited from CFA27.5 billion in September against CFA19.7 billion in June. Equatorial Guinea took up to CFA96.3 billion in September against CFA147.6 billion in June while Chad received CFA57 billion in September compared to CA38 billion in June 2018.

Let’s mention that Beac gave no reason for the decline in liquidity over the period reviewed.

Sylvain Andzongo

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