Ivory Coast's banking association, the APBEF, ordered all banks in the West African nation to remain closed on Monday amid worsening unrest linked to a four-day nationwide army mutiny, banking and business officials said.

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"There was an emergency meeting this morning and the APBEF took the decision that, for security reasons, all the banks would stay closed," a senior official with Banque Atlantique, who asked not to be named, told Reuters.

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