Foreign exchange reserves, billion currency units in Guinea-Bissau, February, 2020
For that indicator, we provide data for Guinea-Bissau from September 2016 to February 2020. The average value for Guinea-Bissau during that period was 17.74 billion CFA Franc with a minimum of 10.6 billion CFA Franc in September 2016 and a maximum of 22 billion CFA Franc in October 2018.
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* 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.