BCEAO has injected CFA610 billion into the Togolese economy since the month began

Banking
Monday, 20 September 2021 18:06
BCEAO has injected CFA610 billion into the Togolese economy since the month began

(Togo First) - So far into the month, Togolese financial institutions asked and obtained CFA610 billion from the Central Bank of West African States (BCEAO).

In detail, the entities secured CFA425 billion on Sept. 6. The funds were collected separately - CFA243 billion at the monthly window and CFA182 billion (for the interbank market) at the weekly window.

The remaining CFA185 billion were raised on September 1, via the weekly refinancing window. Again, the funds were destined to the interbank market.

The BCEAO has poured CFA7,919 billion in all WAEMU countries since the beginning of this month - respectively CFA1,709 billion via the monthly window and CFA6,255 billion in weekly refinancing (on Sept. 6 and 13).

Togolese lenders secured 7.7% of the total amount the Bank injected in the region over the past three weeks. Côte d’Ivoire had the lion share (25.3%), followed by Senegal (19.6%) and Benin (14.3%).

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