Benin: Money supply (broad money)
* indicates monthly or quarterly data series
The most recent value is 3474.1 billion CFA Franc as of June 2024, a decline compared to the previous value of 3503.3 billion CFA Franc. Historically, the average for Benin from January 2004 to June 2024 is 1761.16 billion CFA Franc. The minimum of 437.94 billion CFA Franc was recorded in November 2004, while the maximum of 3702.7 billion CFA Franc was reached in February 2023.
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* indicates monthly or quarterly data series
- Measure: billion CFA Franc
- Source: Central Bank of West African States
| Recent values | Benin: Money supply, billion currency units |
|---|---|
| 2024 Jun | 3474.1 |
| 2024 May | 3503.3 |
| 2024 Apr | 3567.3 |
| 2024 Mar | 3588.2 |
| 2024 Feb | 3538.8 |
| 2024 Jan | 3533.1 |
| 2023 Dec | 3613.9 |
| 2023 Nov | 3544 |
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Definition: The money supply is the total amount of currency and other liquid instruments circulating in the economy. The indicator represents the broad money that include currency outside banks; demand, time, saving, and foreign currency deposits of resident sectors other than the central government; bank and traveler's checks; and other securities such as certificates of deposit and commercial paper.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.7 | 2023 | percent |
| Exchange rate regimes | 3 | 2022 | index points |
| USD exchange rate | 616.4319 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 3,474.10 | 6/2024 | billion |
| Consumer Price Index (CPI) | 110.6000 | 10/2024 | index points |
| Inflation, monthly | 0.27 | 10/2024 | percent |
| Inflation, annual | 2.03 | 10/2024 | percent |
| Private sector credit | 2,138.90 | 9/2024 | billion |
| Business credit | 1,588.90 | 9/2024 | billion |
| Household credit | 550.00 | 9/2024 | billion |
| Deposit interest rate | 5.40 | Q2/2024 | percent |
| Business credit interest rate | 7.15 | 12/2023 | percent |
| Mortgage credit interest rate | 6.93 | 12/2023 | percent |