Foreign exchange reserves, billion currency units in Benin, December, 2019
For that indicator, Central Bank of West African States provides data for Benin from September 2016 to December 2019. The average value for Benin during that period was 49.23 billion CFA Franc with a minimum of 33.5 billion CFA Franc in November 2017 and a maximum of 73.7 billion CFA Franc in December 2019.
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around the world.
* indicates monthly or quarterly data series
Measure: billion CFA Franc
Source: Central Bank of West African States
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.