The head of government of the Democratic Republic of Congo, Jean-Michel Sama Lukonde, has recently taken measures to stem the depreciation of the national currency on the foreign exchange market. During a restricted meeting on the economic situation, he gave clear instructions to the Ministers of Budget and Finance, as well as to the Governor of the Central Bank of Congo (BCC).
According to Budget Minister Aimé Boji, this currency depreciation is not unique to the DRC, but is part of the global economic crisis that many other countries are facing. To fight against this inflation, the Prime Minister has taken several measures. First, he ordered the daily publication of the official and parallel exchange rate in the media by the Central Bank. In addition, he demanded that exchange offices display the rates inside their premises, in order to guarantee greater transparency.
Among the measures envisaged, there is also the possible publication of the good key rate of the Central Bank in the coming weeks, to reduce demand and absorb liquidity on the foreign exchange market, thus contributing to the stability of the local currency. The Minister of State for the Budget stressed that the Central Bank will use all the other classic instruments at its disposal to stem this crisis and ensure the stability of the Congolese currency.
This decision by the government to fight against the depreciation of the currency underlines the importance of maintaining economic stability in a difficult global context. By taking such measures, the government seeks to reassure investors and maintain confidence in the Congolese economy.
It is essential to closely monitor the evolution of the economic situation in the DRC and the measures taken by the government to mitigate the effects of the depreciation of the currency. This will have a direct impact on the daily lives of Congolese citizens and on the country’s economic future. As citizens and investors, it is important to stay informed and understand the economic issues that affect our lives.