Author: Abashi Shamamba

In Guinea, 94% of banknotes circulate outside the official banking system

Finance

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), nearly 94% of banknotes circulate outside the official banking system, a phenomenon that stifles credit supply, limits withdrawals, and weighs heavily on the national economy. A private banking system...

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