Reply To: Burundi Today

[Rwanda]

In Bujumbura, a technical preparatory meeting of the 22th meeting of the board of governors of the central banks of the member countries of the comesa. The points analysed are: the implementation of the regional system of payment and settlement; the report of the comesa monetary institute; the progress and challenges encountered in the implementation of the programme of monetary integration comesa.

The Director of economic studies at the central bank of Burundi Audacity Niyonzima, indicated that the regional system of payment has advantages for economic operators of the common market. There’s a saving of $ 92 million if all operators of the member countries of the comesa use the regional system of payment. They would have more amenities than using other systems that are being used at this time. Audacity Niyonzima specifies that with partners, they came to the conclusion that they’re going to do an awareness in all member countries of the comesa. Economic Operators, especially the central banks and commercial banks will work together to promote the regional system of payment and settlement. We concluded that we will encourage the central banks connected to this regional system of payment.

For that which is of the report of the monetary institute comesa the observation is that the appointment of 2018 they were fixed, is far from being respected. The reasons advanced during this meeting are none other than the non-compliance of the convergence criteria as inflation, the exchange rate, the reserves in currency and others.