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Cash injection: The BCRG releases 25 million euros for the Guinean economy

18/11/2021
Categories: Sectors

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The Central Bank of Guinea (BCRG) is injecting 25 million euros into the economy. The liquidity injection operation was launched on November 4, 2021 with a maximum rate of 12.75% and a minimum rate of 12%.

The liquidity injection operation worth 300 billion GNF (30 million euros), launched on November 4, 2021 with a maximum rate of 12.75% and a minimum rate of 12%, has reached maturity on November 11. Two primary banking institutions benefited from it for a total of 250 billion (25 million euros), more than 80% awarded at the end of the operation. This auction for the injection of liquidity into the banking system, supervised by the monetary policy department of the Central Bank of Guinea (BCRG), aimed to refinance primary banks.

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