The official reserves of the Central Bank of West African States (BCEAO) amounted to 9,056.2 billion CFA francs in July 2018, an increase of 962.5 billion compared to the same period of the year 2017, indicates a monthly note of conjuncture in the States of UEMOA.
Made public by the central bank, the document explains that “this improvement in the level of reserves is linked in particular to the mobilization of Eurobonds by Senegal and Côte d’Ivoire in March 2018, for an amount of 2.010.9 billion” .
The same source informs that “the coverage of reserve assets thus came out at 5.1 months of imports of goods and services against 4.2 months at the end of February 2018, before the mobilization of resources on the capital markets, and , 4 months in June 2018 “.
The document also mentions an increase in net external assets (NEA) of the Union’s depository institutions of 865.2 billion in one year, in connection with the consolidation of the NEOs of the BCEAO (+997.3 billion).
Based in Dakar, the BCEAO is the issuing institution common to the eight member states of the West African Monetary Union (WAMU).
