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

UEMOA: Total exports of goods estimated at 17,984.4 billion in 2019

Total exports of goods by value of the WAEMU countries stood at 17,984.4 billion in 2019, up 10.6% from the level recorded a year earlier. This emerges from the Bceao report on the Union's foreign trade in 2019 according to which this development is mainly attributable to the increase in sales of gold (+ 13.5%), cocoa (+ 14.7%), petroleum products (+ 25.3%) and rubber (+ 22.7%). 

UEMOA: Total exports of goods estimated at 17,984.4 billion in 2019
The Central Bank informs in the wake that exports of goods remain dominated by gold (23.4%) and cocoa (16.2%), followed by petroleum products (10.3%), cotton (5, 8%) and cashew (4.0%). The Union's services exports came out, according to the document, at 3.3% of GDP in 2019, a decline of 0.2 point of GDP compared to their level in 2018. 

In addition, the report continues, their relative weight in the Union's total exports stood at 13.9% in 2019 against 14.9% in 2018, a decrease of 1 percentage point.



Analysis of the export diversification indicator does not show any improvement for the Union in 2019, notes Bceao. Who finally confides that it also emerges that Senegal and Togo are the two countries with the least unbalanced export structure while Guinea Bissau is the country with the least diversified exports.