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In this article, we are going to address a topical subject that worries many people at the moment: exchange rate fluctuations and their consequences on the purchasing power of the population.
The President of the Republic Félix Tshisekedi expressed his concern over this “worrying and persistent” evolution of the exchange rate against foreign currencies. It has recently taken several steps to deal with this situation.
First, it prohibited the payment of public expenditure in cash at the counters of the Central Bank of Congo (BCC). This measure aims to limit cash payments and promote banking operations for better traceability of financial flows.
Then, the BCC will continue its interventions on the foreign exchange market by making available the foreign currencies taken from the country’s reserves. The objective is to stabilize the foreign exchange market and limit fluctuations in the exchange rate.
At the same time, it is planned to supervise the foreign exchange operations carried out by the exchange offices so that they are compatible with their real capacities. In addition, measures will be taken to strengthen the repatriation of foreign currencies and facilitate any redemptions by the Central Bank of Congo.
The government has also stressed the importance of paying taxes, duties, fees and charges in Congolese francs, in order to strengthen the position of the national currency and promote its use within the country.
These measures are taken with the aim of stabilizing the economic situation of the country and preserving the purchasing power of the population. The government is committed to working with the Central Bank of Congo to monitor the quality of public spending and control the supply and demand of foreign currency.
In conclusion, exchange rate fluctuations are a matter of concern in the DRC, but the government is making every effort to deal with them and protect the country’s economy. Stay informed of the latest news to follow the evolution of the situation.
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