BCEAO, the Central Bank of West African States, has injected 4,340 billion XOF of liquidity into the WAEMU interbank market as part of its 21st open-market operation of the year 2022. As the call for tenders maintained the same bidding conditions at the fixed interest rate of 2%, 93 participating commercial banks were able to refinance themselves in line with their liquidity needs. In total, the Ivorian banking sector with the densest banking network leads with a refinancing amount of XOF 1,262 billion. It is followed by the Senegalese banking sector with XOF 799 billion. Benin ranks third with XOF 786 billion, a slightly lower amount than the 20th weekly cash injection where the country raised XOF 789 billion.
The summary is as follows:
- Benin: 786,800,000,000 XOF
- Burkina Faso: 564,724,000,000 XOF
- Côte d ‘Ivoire: 1,262,250,000,000 XOF
- Mali: 366,740,000,000 XOF
- Niger: 314,135,000,000 XOF
- Senegal: 799,870,000,000 XOF
- Togo: 177,950,000,000 XOF
- Guinea-Bissau: 68,270,000,000 XOF
Note that the amount of the 21st weekly injection of liquidity is slightly lower than the previous one (XOF 4,405 billion).