The latest directives of the Prime Minister, Jean-Michel Sama Lukonde, concerning the depreciation of the national currency on the foreign exchange market in the Democratic Republic of Congo (DRC) have aroused the attention and the hope of many citizens. During a restricted meeting on the economic situation at the Primature, the Prime Minister gave clear instructions to the Ministers of Budget and Finance as well as to the Governor of the Central Bank of Congo (BCC) to stop this global phenomenon.
Budget Minister Aimé Boji explained that the depreciation of the national currency is not a problem specific to the DRC, but rather a global economic crisis that many countries are facing. However, to resolve this situation and curb inflation, the Prime Minister proposed several measures.
First of all, it was decided to publish daily in the media the official and parallel exchange rate established by the central bank. This transparency aims to inform the population and avoid speculation on the foreign exchange market. In addition, exchange offices will be required to display the exchange rate inside their premises, in order to guarantee greater clarity and better knowledge of the current rates.
In addition, the increase in the key rate of the central bank of Congo will probably be published in the coming weeks. The aim is to reduce demand and absorb liquidity in the foreign exchange market, thereby contributing to the stability of the local currency. The Budget Minister also affirmed that the central bank will use all other tools available to deal with this crisis and stabilize the currency.
This decision by the Congolese government shows a commendable will to deal with the current economic situation and to protect the interests of citizens. By publishing exchange rates daily and taking concrete steps to stabilize the national currency, the DRC hopes to regain investor confidence and foster a healthier economic climate.
It is important to emphasize that this situation reflects a global economic crisis, and not an intrinsic weakness of the Congolese economy. By working together to find solutions and implementing effective measures, the DRC hopes to overcome this difficulty and restore economic stability to the country.
In conclusion, the measures taken by the Congolese government to stop the depreciation of the national currency are encouraging. Transparency, communication and the use of available tools are key elements in the fight against this economic crisis. Let’s hope that these actions will bear fruit and allow the DRC to regain lasting economic stability