The article above highlights the situation of depreciation of the Congolese franc against foreign currencies, in particular the US dollar. However, urgent measures have been put in place by the government to try to limit this haemorrhage.
One of these measures is the continuation of vigorous interventions by the Central Bank of Congo in the foreign exchange market, by making foreign currencies available from foreign exchange reserves. In addition, there are plans to strengthen currency repatriation measures and promote consultation between the Central Bank and mining sector operators for the purchase of repatriated currency.
The rigorous management of public finances is also highlighted, with a limitation of public expenditure to essential priorities only, as well as the prohibition of the payment of expenditure in cash at the counters of the Central Bank. Other measures, such as supervision of foreign exchange transactions carried out by exchange offices, are also planned.
These measures seem to be bearing fruit, since a slight improvement in the value of the Congolese franc has been observed on the foreign exchange market. However, it is important to remain vigilant in the face of internal risk factors and to maintain the stabilization measures already in place.
In conclusion, the situation of depreciation of the Congolese franc against foreign currencies is worrying, but urgent measures have been taken to try to reduce this haemorrhage. It is essential to continue to monitor the situation and rigorously apply the stabilization measures in order to restore the national currency to its former value