Yaoundé - 24 October 2021 -

CEMAC: BEAC launches another liquidity withdrawing operation to combat inflation

CEMAC: BEAC launches another liquidity withdrawing operation to combat inflation
  • Comments   -   Tuesday, 21 September 2021 13:37

(Business in Cameroon) - Today September 21, 2021, in the CEMAC region, the Central bank BEAC launched an operation aimed at withdrawing liquidity from the regional financial system.  

According to the central bank, the credit institutions concerned by this operation are those qualified as capital providers on the money market and those that have not requested refinancing from the BEAC in the twelve months before the operations.

Through this operation, the BEAC intends to withdraw XAF100 billion of liquidity from commercial banks with excess liquidity, an official release informs. According to experts, when a bank has excess liquidity it could inject more money than it should into the economic circuit, therefore, facilitating inflationary pressures.

The liquidity absorption operations were suspended in March 2020 and replaced by liquidity injections to support the CEMAC banking system and boost financing to economies amid the coronavirus pandemic. This resumption of liquidity absorption operations indicates that the coronavirus pandemic’s impacts on CEMAC economies are easing. Even an economic recovery is forecasted for 2021 after the recession recorded in 2020.


On October 20, 2021, Minister of Livestock, Dr. Taiga officially inaugurated the integrated pork production and marketing center built by Westend Farms,...
After a challenging environment in 2020, due to the coronavirus pandemic, the recovery observed in Cameroon's economic landscape since the beginning of...
In January 2022, the export prices of local banana producer Plantations du Haut Penja (PHP) will increase. This price increase is the result of a decision...
 In January 2022, Cameroon will begin to experiment with a new accounting reform called accruals-based accounting and budgeting in the framework of...

Mags frontpage

Business in Cameroon n104: October 2021

Dossier Where does Cameroon stand in international trade?

Henri-Claude Oyima : “BGFIBank Cameroon is truly one of our success stories.”

Investir au Cameroun n114: Octobre 2021

Dossier La place du Cameroun dans le commerce international

Henri-Claude Oyima : «BGFIBank Cameroun est vraiment l’une de nos success-stories.»