The operation was launched yesterday, December 13 in the sub-region by the Bank of Central African States (Beac).
The Bank of Central African States (Beac) launched yesterday, December 13, a liquidity recovery operation for an amount of 50 billion FCFA with banks in operation in the CEMAC zone. This operation, is remunerated at the fixed interest rate of 0.5%, over a majority of one year, we learn from the statement of the Central Bank.
To this end, banks that can respond to this offer, stresses the central bank, "credit institutions admitted to the compartment of the interventions of the Beac on the money market as providers of resources, and having not requested the refinancing of the Beac at least once over a rolling period of twelve months". In addition, and on a weekly basis, the Beac makes liquidity injections into other banks in the sub-region, wishing to capture more liquidity from the central bank to meet their own financing needs of the economies.
According to the Beac, the combination of these two strategies of recovery and liquidity injection allows not only "to influence the conditions of exchange of liquidity between credit institutions", but also the financing possibilities of the economies of the CEMAC.
