The regulation of the exchange rate on the Congolese market: an initiative of President Tshisekedi to fight against economic instability
During the meeting of the Council of Ministers on July 21, President Félix Tshisekedi addressed the issue of the instability of the exchange rate on the Congolese market. This situation, which worries the entire population, requires concrete action to stabilize the country’s economy.
In order to find effective solutions, President Tshisekedi has decided to mobilize the General Inspectorate of Finance (IGF) in collaboration with the government and the Central Bank of Congo (BCC). The objective is to apply strict measures aimed at regulating the exchange rate on the market.
This decision comes after the recommendations of economic experts who suggested, on July 11, that mining operators repatriate 40% of the sale of their minerals in foreign currency, in accordance with the BCC’s foreign exchange legislation. This measure aims to stabilize the local currency on the foreign exchange market.
Analysts explain that the instability of the exchange rate is mainly due to the law of supply and demand. By choosing to opt for a free exchange market, the DRC conforms to currency fluctuations in transactions. However, this situation can lead to significant and detrimental variations for the national economy.
By implementing regulatory measures, the Congolese government therefore hopes to stabilize the exchange rate and promote a healthier economic environment. This is an ambitious approach that aims to protect the purchasing power of Congolese and promote the country’s economic development.
In addition, President Tshisekedi is also committed to strengthening bilateral relations with China, with the aim of improving investment and common development. In addition, subcontracting appears to be an essential lever for the Congolese economy, offering new opportunities for growth and employment.
However, the political situation also remains a major issue in the DRC, with a violent crackdown on the opposition and armed intergroup talks to try to find peace solutions.
Finally, the fight against arms trafficking and the shortage of drinking water are also urgent issues facing the country.
All these topics are the subject of debates and articles on the Fatshimetry blog. Do not hesitate to consult these publications to stay informed of Congolese and international news