Page 306 - Atouts Economiques Cameroun-2019-GB
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                 ADVANCES TO BANKS
The refinancing target for banks is maintained at 200 billion in 2017. At 30 June 2017, the average outstanding amount of drawdown of the banking system under refinancing was 199.9 bil- lion, against 85 billion at the end of 2016. The measure that makes public securities a refinan- cing guarantee gives more leeway to banks.
INTERBANKING MARKET
The interbanking market is more dynamic in 2017. In the first-half, the number of transactions carried out was 38 for a total of 114 billion, of which 52% of national transactions and 48% of sub-regional transactions traded at an average interbank rate of 3.8%. At the same period of 2016, no transaction had been recorded.
Interbanking market in the first half-year 2017
Period Number of Amount* Minimum Maximum Average transactions interest rate** interest rate** interest rate*
Janury 01 05 4 4 4
    February
March
April
03 12,5 3,75 5
02 4,3 3,25
10 22,6 1
4,2 5
5 4,25
6 3,3
   May 22 69,6 1 6 3,3
June nd nd nd nd -
Total 38 114 - - 3,8
  LES ATOUTS ECONOMIQUES DU CAMEROUN
REQUIRED RESERVES POLICY
At the end of June 2017, the required reserves ratio for overnight deposits was 5.875% and that for money market deposits was 4.625%. The amount of the required reserves, paid at a rate of 0.05%, amounted to 193 billion, compared with 182.6 billion at June 30, 2016. They represent 33% of all the banks' reserves at the BEAC.
CURRENCY COVERAGE RATE
The currency coverage rate defined as the ratio of official gross assets in foreign currency and the
na : non-available - * in billions - **in % - Source : MINFI/DAE
Central Bank's total demand liabilities, has dete- riorated in relation to the decline in foreign cur- rency holdings. It amounted to 70.1% at the end of June 2017, compared to 81.3% a year ear- lier. This trend is also observed in all CEMAC countries, where it moves from 68.4% to 53.9% in the same period.
MONETARY SITUATION
At the end of December 2016, the monetary situation was balanced in terms of resources and employment at 4,794.3 billion, up 7.9%
The Ministry of Finance in Yaoundé





































































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