This denial comes in the wake of a report broadcast on Radio France Internationale (RFI) on Tuesday 15 August 2023. “It has been indicated that the Central Bank of West African States (BCEAO) continues to supply banks in Niger with cash on a weekly basis,” the financial institution said in a statement received by APA.
It went on to say that “this is a misinterpretation of the operation of the windows through which the Central Bank grants resources to banks in the monetary union.”
Finally, BCEAO stressed that “the amounts indicated by this media do not correspond to new injections of liquidity,” but rather to “renewals of outstanding debts of the Central Bank, with weekly and monthly maturities, on the banks of Niger, which existed before the sanctions were imposed” by the Economic Community of West African States, in the aftermath of the 26 July putsch. And, it concluded, these renewals do not entail any new injections of liquidity.
In response to the coup d’Etat orchestrated by a group of officers led by General Abdourahmane Tchiani, ECOWAS imposed economic and financial sanctions on Niger. In the same vein, the Community institution activated its standby force with a view to a military intervention aimed at reinstating President Mohamed Bazoum.
ID/ac/fss/abj/APA