Regulatory Alerts2010-12-06
Decision No. 397/12/2010 on the Rules, Instruments and Procedures for Implementing the Monetary and Credit Policy of the Central Bank of West African States
Issued by the Monetary Policy Committee of the Central Bank of West African States (BCEAO), Decision No. 397/12/2010 establishes the comprehensive rules, instruments, and procedures for implementing the union's monetary and credit policy. It defines eligible participants, intervention windows, and open market operations including main liquidity injections, long-term refinancing, and fine-tuning auctions, while detailing the marginal lending and intra-day advance facilities. The decision further regulates BCEAO interest rates, deposit remuneration, and mandates pricing transparency and standardized debit/credit conditions for all credit institutions and decentralized financial systems within the UEMOA.
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