Eurobonds, repatriation of export earnings, the foreign exchange reserves of the BCEAO recorded a sharp increase of 22.71% in the first half of 2021. They now stand at 13,683.3 billion CFA francs.

The BCEAO's foreign exchange reserves increased by 22.71%, standing at 13,683.3 billion CFA francs in the first half of 2021 compared to the same period last year. According to the BCEAO, “this development is mainly due to the Eurobond issues carried out by the member states of WAMU and BOAD as well as the favorable profile of the repatriation of export earnings”. These reserves ensured 6.2 months of imports of goods and services in the second quarter of 2021, compared to 6.3 in the previous quarter. The institution notes that the monetary issue coverage rate stood at 82.2% in the second quarter of 2021, compared to 84% in the previous quarter, reflecting a sustainable level of foreign exchange reserves held by the BCEAO.