For the past eight months, Guinea has faced a persistent shortage of banknotes that has significantly impeded economic activities and contributed to growing distrust in its banking system. The Central Bank and commercial banks have initiated plans to alleviate this crisis; however, the distribution of cash remains slow and inadequate in addressing the needs of the population. Although the lines at bank counters have decreased, this is mainly due to the difficulty in acquiring cash rather than an actual improvement in liquidity availability.

Residents are still facing limitations on cash withdrawals, making everyday transactions challenging. M'Bany Sidibé, a resident of Conakry and president of the Union for the Defense of Consumers, highlights that the cash crisis not only impacts primary banks but also electronic transactions. Various mobile money services like Orange Money and Mobile Money are suffering as clients struggle to conduct even routine transactions. The intertwining of the cash crisis with digital financial services raises significant concerns about the overall stability of the financial ecosystem in Guinea.

The ongoing cash shortage necessitates urgent government and banking interventions to restore confidence in financial institutions and facilitate smoother transactions. If unrepaired, this situation could further deteriorate economic conditions in Guinea, leading to wider societal impacts as people find it increasingly challenging to access their funds and engage in commerce. Without a swift resolution, the effects of this cash crisis may persist, stifling growth and economic activity in the country.