Depreciation of the Congolese franc against the US dollar: the government’s efforts to stabilize the situation
In recent weeks, the Democratic Republic of Congo has been facing a major depreciation of its Congolese franc against the US dollar. This situation has led to a dizzying rise in the prices of basic necessities, which has a direct impact on the daily life of Congolese households.
To deal with this situation, the government has taken urgent measures. First, he decided to limit cash spending to the bare minimum in order to reduce the demand for foreign currency. In addition, all payments made at the counter of the Central Bank of Congo have been prohibited, in order to promote the use of the Congolese franc and reduce the demand for dollars.
The government also encourages taxpayers to make their tax and tax payments in Congolese francs, in order to increase demand for the national currency and strengthen public treasury management.
These measures, announced by the Minister of Finance, are the result of a meeting of the Council of Ministers chaired by President Félix Tshisekedi. Each relevant minister and official has been instructed to ensure their strict application.
However, many experts believe that these measures are only temporary solutions and that a more structural approach is necessary to sustainably emerge from this situation of depreciation of the Congolese franc. The diversification of the economy is often mentioned as an avenue to explore, in particular through the development of agriculture. By producing what it consumes, the country could reduce its dependence on imports and strengthen its national currency.
It is important to note that the depreciation of the Congolese franc is a complex and multidimensional problem, which requires in-depth analysis and consistent long-term measures for an effective resolution. The Congolese government is actively working to address this situation, but it is also essential that all actors – government, private sector and population – work together to find lasting solutions and support the country’s economic stability