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Togo: The BCEAO injects 178 billion FCFA into the banks

30/06/2021
Categories: Sectors

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91 commercial banks from the West African Economic and Monetary Union (UEMOA) have tendered for this new call for tenders from the Central Bank of West African States (BCEAO). In total, they received a sum of 178 billion FCFA. thanks to this financing, these banks were able to fully cover their cash needs thanks to an injection of 3.393 billion FCFA, an increase of more than 173.2 billion FCFA, compared to the previous operation of June 7, 2021, with a fixed interest rate of 2%. Ivorian and Senegalese commercial banks were respectively refinanced by the central bank to the tune of 940.98 billion FCFA and 773.41 billion FCFA.

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