The depreciation of the Congolese Francs (FC) against the US dollar and the dizzying increase in the prices of basic necessities are problems currently affecting the population in the Democratic Republic of Congo. This situation is particularly worrying because it directly affects the purchasing power of citizens and creates economic difficulties for local businesses.
According to Guelord Musitaba, an economic operator interviewed, the prices of basic necessities have increased significantly in just a few days. For example, a 25 kg bag of rice went from 56,000 FC to 62,000 FC. This price increase is mainly due to the constant depreciation of the Congolese Francs against the US dollar.
Musitaba points out that the prices of imported products in dollars remain stable, but it is the exchange rate that is the problem. Local businesses, which must obtain foreign currency to import these products, are therefore faced with higher costs, which directly affects selling prices.
This situation has a considerable impact on the Congolese population, which already suffers from hunger and poverty. The government must therefore take measures to remedy this economic crisis and protect the population. A review of monetary policies and more rigorous management of exchange rate fluctuations are necessary actions to stabilize the situation and improve citizens’ purchasing power.
It is also important for the government to encourage local production and support the agricultural and industrial sectors to reduce import dependency and foster internal economic growth.
The Congolese people need economic stability to ensure their survival and well-being. The government must therefore act quickly and effectively to deal with this crisis and provide concrete solutions to relieve the population and guarantee its access to basic necessities at affordable prices.
In conclusion, the depreciation of the Congolese Francs and the increase in the prices of basic necessities constitute a major challenge for the population in the Democratic Republic of the Congo. The government should take urgent measures to stabilize the economic situation, protect the purchasing power of citizens and promote internal economic development