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Yaoundé - 11 December 2019 -
Finance

BEAC makes XAF60 bln liquidity offer to banks within CEMAC

BEAC makes XAF60 bln liquidity offer to banks within CEMAC
  • Comments   -   Wednesday, 28 August 2019 14:21

(Business in Cameroon) - On August 28, 2019, the Bank of Central African States (BEAC) made a liquidity offer of XAF60 billion to banks operating within CEMAC.

The central bank explains that subscriptions are expected till September 5, 2019. The liquidities will be provided at a minimum rate of 3.5%, which is the benchmark rate.

Eligible collaterals are underlying assets approved by the October 31, 2013 decision, official sources reveal.

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