The instability of the exchange rate on the market in the Democratic Republic of Congo (DRC) continues to concern the authorities and the citizens. During the recent Council of Ministers, President Félix Tshisekedi expressed his desire to find effective solutions to regulate this situation.
In order to deal with this instability, President Tshisekedi decided to mobilize the General Inspectorate of Finance (IGF) in collaboration with the government and the Central Bank of Congo (BCC). They will be responsible for putting in place measures to regulate the exchange rate in the market. This decision reflects the government’s desire to take concrete measures to stabilize the local currency and preserve the purchasing power of the Congolese.
Among the recommendations made by economic experts to fight against the instability of the exchange rate, is the repatriation in foreign currency of 40% of mineral sales made by mining operators. This measure, in accordance with the BCC’s foreign exchange legislation, would stabilize the local currency on the foreign exchange market.
It is important to emphasize that this disparity in the exchange rate is mainly due to the law of supply and demand. As the DRC has opted for a free foreign exchange market, the exchange rate is therefore influenced by the availability of foreign currency in commercial transactions.
The implementation of strict measures and collaboration between the government, the BCC and the IGF are therefore crucial to stabilize the exchange rate in the DRC. This stability is essential to promote the country’s economic development and guarantee the well-being of its citizens.
In conclusion, President Tshisekedi’s desire to regulate the exchange rate on the market in the DRC demonstrates his commitment to a stable and prosperous economy. The recommended measures, such as the repatriation of foreign currency by mining operators, will bring the necessary stability to the local currency. It is therefore essential to implement these effective solutions to preserve the purchasing power of the Congolese and promote the economic development of the country