Title: Congolese government measures to stabilize the national currency
Introduction :
The Democratic Republic of Congo is facing a depreciation of its national currency, the Congolese franc, on the foreign exchange market. The head of government, Jean-Michel Sama Lukonde, recently gave instructions aimed at stopping this depreciation. In this article, we will examine the measures taken by the government to stabilize the local currency and the efforts made to deal with the global economic crisis.
1. Publication of official and parallel exchange rates:
The government has asked the Congolese central bank to publish the official and parallel exchange rates daily in the media. This transparency aims to inform the population about the evolution of the national currency and to strengthen confidence in the financial system.
2. Display of exchange rates inside exchange offices:
Another measure taken is to require money changers to display exchange rates inside their premises rather than outside. This aims to avoid manipulations and misinformation that can negatively influence the foreign exchange market.
3. Possible publication of the central bank’s key rate:
The government also plans to publish the central bank’s key interest rate soon, which was recently raised. This approach aims to reduce demand and absorb excess liquidity in the foreign exchange market, thus contributing to the stability of the local currency.
4. Use of other instruments to stem the crisis:
In addition to the above measures, the government plans to use all other conventional instruments available to deal with the economic crisis and maintain the stability of the Congolese currency. This testifies to the determination of the authorities to solve the economic problems of the country.
Conclusion :
The depreciation of the national currency is a major challenge for the Democratic Republic of the Congo. However, the government is showing its willingness to take concrete measures to stabilize the currency and deal with the global economic crisis. Rigorous monitoring of exchange rates, transparency in the financial system and the use of appropriate instruments are all actions that will help restore confidence and support the Congolese economy.