Liquidity Crisis in Guinea: "We Ask the Central Bank to Lift the Capping"

Radio France Internationale

Center

Factuality

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In Guinea, a liquidity crisis has been going on for several months, causing great difficulties of bank withdrawals. The President of the Consumer Union of the country, Ousmane Keita, asks that the Central Bank "ensure that all the ceilings [...] are lifted as soon as possible, otherwise confidence will not return".

Financial Afrik

Factuality

Ownership

Guinea is experiencing an unprecedented liquidity crisis, revealing the structural weaknesses of its financial system. According to the Central Bank of the Republic of Guinea (BCRG), almost 94 per cent of bank notes are circulating outside the official banking system, a phenomenon that stifles the supply of credit, limits withdrawals and weighs heavily on the banks.