Africa News Senegal: CFAF 498 billion increase in money supply

Senegal: CFAF 498 billion increase in money supply

-

- Advertisment -

Posted on 26.01.2019 at 13:18 by APA News

The money supply of Senegal recorded an increase of 497,50 billion FCFA (approximately 845,750 million dollars) at the end of October 2018 compared to the same period of the year 2017, learned APA Saturday with the Bank Central African States of West Africa (BCEAO) .This money supply stood at 4971 billion FCFA against 4474 billion FCFA in October 2017, an increase of 11.1% in relative value (1 FCFA equals $ 0.0017). This situation is mainly caused by the cash circulation which increased by 18.1% to 1188.60 billion FCFA.

Other deposits included in the money supply (plus 9.8% to 1601.90 billion) and transferable deposits (plus 8.6% to 2180.60 billion FCFA) also to a lesser extent contributed to the increase in mass monetary.

On a month-on-month basis, Senegal's money supply posted a slight increase of 1.2%, rising from 4914.60 billion CFA francs in September 2018 to 4971 billion CFA francs a month later. This trend is driven by both transferable deposits (over 2.4%) and fiduciary circulation (plus 1.4%). By contrast, other deposits included in the money supply edged down 0.7%.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

RCA : l’ONG Internews fait don d’équipements au DSIC de l’Université de Bangui mardi 22 octobre 2019 15:22

L'ONG Internews a remis vendredi 18 octobre 2019 aux étudiants du Département des Sciences de...

Girls’ education: Algeria does better than several highly developed countries

WASHINGTON- Algeria is among the top 31 countries in the world which offers the most of opportunities to...

French president’s visit to Morocco a private affair

/* custom css */ .td_uid_2_5daf23299f8d0_rand.td-a-rec-img { text-align: left; } .td_uid_2_5daf23299f8d0_rand.td-a-rec-img img...

Akpabio Reacts As Senate Rejects Ministry Of Niger Delta Affair’s Budget

The Senate Committee on Niger Delta has rejected the 2020 budget of the Ministry of Niger Delta Affairs...

L’UE finance à nouveau le développement des territoires ruraux en Tunisie

"La délégation de l’UE en Tunisie est prête à considérer favorablement les demandes d’extension, au-delà de 2021, des...

Marrakech et Ouarzazate, destinations de TV5 Monde pour des documentaires sur le Maroc

Le réalisateur français Eric Bacos a choisi Marrakech et Ouarzazate entre autres pour tourner du 22 au 24 octobre...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you