Every week, the Central Bank of West African States (BCEAO) publishes on its website the results of its liquidity injection tenders to banks in the eight countries of the West African Economic and Monetary Union (WAEMU).
According to these public documents, the flow of funds to Niger has not dried up since Mohamed Bazoum was overthrown by General Abourahamane Tiani on 26 July.
In fact, nothing has changed, despite sanctions imposed by the Economic Community of West African States (ECOWAS) on 30 July, which ban all ‘financial and commercial transactions between ECOWAS member states and Niger’.
The Dakar-based institution has continued to inject around 400bn CFA francs ($650m) weekly into Niger’s banking system, even though it said it had closed all its branches in the country on 3 August.
New injections of liquidity?
Contacted by our journalist, the BCEAO chose not to comment, referring
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