DRC Currency Depreciation Investigation: Government Takes Steps to Stabilize Exchange Rate
The Democratic Republic of Congo (DRC) is facing a depreciation of its national currency on the foreign exchange market. This global economic crisis is however not specific to the DRC, many other countries in the world and in the region are also affected.
To counter this inflation, the Prime Minister, Jean-Michel Sama Lukonde, gave clear instructions during a restricted meeting on the economic situation. He asked the Ministers of Budget and Finance as well as the Governor of the Central Bank of Congo (BCC) to put in place measures to stop the depreciation of the national currency.
Among these measures, it is planned to publish the official and parallel exchange rate daily in the media, in order to guarantee greater transparency. In addition, exchange offices are required to display the rate inside their premises and not outside.
Aimé Boji, Budget Minister, pointed out that the Central Bank of Congo also plans to publish its key rate in the coming weeks. This measure aims to reduce demand and absorb liquidity in the foreign exchange market, thus contributing to the stability of the local currency.
It is important to note that the Central Bank will continue to use all the other instruments at its disposal to fight against this economic crisis and ensure the stability of the Congolese currency.
This decision by the government demonstrates its determination to deal with the depreciation of the currency and to maintain the economic stability of the country. Let’s hope that these measures will help curb inflation and restore the confidence of economic players.
In conclusion, the DRC faces many economic challenges, but the government seems to be taking adequate measures to deal with them. The daily publication of exchange rates, display in exchange offices and the possible publication of the Central Bank’s key rate are all measures aimed at stabilizing the exchange market and preserving the value of the Congolese currency