The instability of the exchange rate in the Democratic Republic of Congo (DRC) is a matter of concern to the government and the population. During the recent meeting of the Council of Ministers, President Félix Tshisekedi took measures to regulate this situation.
Faced with this problem, the Head of State mobilized the General Inspectorate of Finance (IGF) to work in collaboration with the government and the Central Bank of Congo (BCC) in order to find effective solutions. The objective is to ensure strict application of measures aimed at regulating the exchange rate on the market.
This initiative is a response to the concerns expressed by the Congolese about the instability of the exchange rate. Indeed, this situation has significant economic consequences for the country and impacts the daily lives of citizens.
A measure advocated by economic experts is to ask mining operators to repatriate 40% of the sale of their minerals in foreign currency. This recommendation aims to stabilize the local currency on the foreign exchange market.
It is important to emphasize that the DRC has opted for a free exchange market system, where the exchange rate is determined according to supply and demand on the currency market. However, this freedom can lead to significant fluctuations in the exchange rate, which requires effective regulation to guarantee the economic stability of the country.
President Tshisekedi and his government are determined to solve this problem and to put in place the necessary measures to regulate the exchange rate. This approach is part of a desire to strengthen the Congolese economy and improve the living conditions of citizens.
It is therefore essential that all the actors concerned, whether political, economic or financial, collaborate and work together to achieve a lasting and effective solution in order to put an end to the instability of the exchange rate in the DRC.
In conclusion, the issue of exchange rate instability in the Democratic Republic of Congo is a major challenge for the country. President Félix Tshisekedi has taken measures to regulate this problem and ensures the participation of the IGF, the government and the BCC in this process. It is essential to find effective solutions to guarantee the economic stability of the country and improve the living conditions of the Congolese