logoBC
Yaoundé - 18 May 2021 -
Finance

CEMAC: Interbank transactions rose to slightly over XAF3,500 bln in 2019

CEMAC: Interbank transactions rose to slightly over XAF3,500 bln in 2019
  • Comments   -   Tuesday, 24 March 2020 13:35

(Business in Cameroon) - In the CEMAC region, the volume of interbank transactions was XAF3,500.3 billion in 2019, according to recent data published by the central bank BEAC.

According to the central bank, there was a slight increase in the transactions during the period under review. This increase is notably the result of the creation of new tools like the repurchase agreement (repo).

Indeed, the BEAC informs, out of the XAF3,500.3 billion transactions, 174 operations representing XAF2,546.5 billion were conducted via repo markets (all classes of maturity included).

This momentum should continue and ultimately lead to a reduction of excess liquidity in the banking system. It will improve the efficiency of monetary policy,” the central bank writes.  

According to experts, the repurchase agreement is a sale/purchase of financial securities, at a date and price set in advance. The purpose of such agreement is, for a holder of securities, to exchange them for cash at a preferential rate.

 Sylvain Andzongo

tunisian-firm-simac-selected-for-the-development-of-sigipes-ii-after-the-audit-conseil-cbl-consulting-episode
Tunisian company SIMAC has been selected to develop the 2nd generation Integrated Computerized State Personnel and Payroll Management System (SIGIPES II)....
mining-corporation-sonamines-seeks-statutory-and-alternate-auditors
In Cameroon, the newly created mining corporation SONAMINES is seeking one statutory and one alternate auditor, according to a tender document recently...
the-new-economic-program-could-fetch-xaf375-bln-budget-support-for-cameroon
The Cameroonian government is currently stepping up its efforts to get its new 2021-2024 economic and financial program approved by June 2021. The...
commercial-bank-cameroon-government-will-sell-most-of-its-shares-to-a-strategic-partner-and-retail-investors-dg-leandre-djummo-says
The government of Cameroon will sell most of its 98% shares in Commercial Bank-Cameroon (CBC), a release signed on May 4, 2021, by the bank’s Director...

Mags frontpage


Business in Cameroon n99: April 2021

Outages ENEO’s director-general explains the situation


Cocoa: Time to boost processing


Investir au Cameroun n109: Avril 2021

Délestages Le DG d’Eneo s’explique


Cacao : cap sur la transformation

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev