La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

The world economy heavily impacted

in all its components is affected by the COVID 19 pandemic. the fall in Gross Domestic Product (GDP) of around 3.8% in the 1st quarter in the United States.
 
The world economy heavily impacted

In China, industrial production plunged 13.5% in the months of January and February 2020, compared to the same period of 2019.

According to estimates from an official study, in Canada, the economy could contract by 12% in the year 2020.

As for the European statistics office EUROSTAT, it estimates the decline in GDP in the Euro Zone at 3.8% in the 1st quarter.

In the financial markets, macroeconomic announcements and poor corporate financial publications did not hinder the rebound on most stock markets. However, the US stock markets have fallen sharply following threats of trade sanctions from President Donald TRUMP against China.




Regional news in the WAEMU continues with the issue of "COVID-19 social vouchers". With Burkina Faso and Senegal which raised 80 and 103 billion FCFA respectively, as well as Côte d'Ivoire with 180 billion FCFA.

We note on the regional financial market, an evolution of the stock market indices, with decreases of 1.45% for the BRVM 10 index and 1% for the BRVM Composite index.

We also find the titles BICI CI (-7.96%), BOA MALI (-9.17%) and BOA BF (-9.19%) in the ranking of the top 5 of the biggest drops of the week on the Equity market.