Regulatory Alerts2015-01-21
Instruction on the Operation of the Open Market Window of the Central Bank of the Republic of Guinea
The Central Bank of the Republic of Guinea (BCRG) issues this instruction to regulate open market operations conducted through its dedicated window. It establishes eligibility criteria, collateral requirements, and two primary auction mechanisms—variable-rate weekly tenders and fixed-rate or settlement-focused auctions—while defining submission procedures, bid allocation rules, and interest calculations. Furthermore, the directive mandates transparent result notifications, imposes payment default penalties, and requires the periodic publication of monthly and semi-annual average market rates to ensure monetary policy transmission.
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