Title: The appreciation of the Congolese franc against the US dollar and its repercussions on trade in Bukavu
Introduction :
In the city of Bukavu, capital of the Democratic Republic of Congo, the Congolese franc is experiencing a period of appreciation against the US dollar. This situation has important consequences on trade and in particular on retail traders who have to deal with fluctuating exchange rates. This article examines the implications of this appreciation of the Congolese franc and calls on the authorities to act to establish a stable parity between the two currencies.
The appreciation of the Congolese franc in Bukavu:
Currently, the Congolese franc is trading at around 2200 among traders in Bukavu. However, at wholesale traders, it can reach up to 2500 FC for one dollar. This exchange rate difference creates some instability in local commerce and mainly affects retail traders.
Testimonial from a shop owner:
A manager of a basic necessities shop located in the Nguba market in Bukavu testifies to the difficulties encountered due to this exchange rate disparity. It expresses its desire to see the authorities take measures to establish a dollar-Congolese franc parity that is fairer and more equitable for all.
Impact on local trade:
This appreciation of the Congolese franc has a direct impact on local trade in Bukavu. Retailers face higher supply costs, which affects product prices for consumers. Moreover, it creates some confusion and instability in the trade sector.
Appeal to the authorities:
Faced with this situation, it is essential that the authorities take measures to guarantee a stable parity between the American dollar and the Congolese franc in Bukavu. This will help create a more stable business environment, thereby promoting economic growth and the well-being of traders and consumers.
Conclusion :
The appreciation of the Congolese franc against the US dollar in Bukavu has major repercussions on local trade and mainly affects retail traders. It is imperative that the authorities take measures to establish a stable parity between the two currencies, in order to guarantee a fairer and more stable trading environment. This will foster economic growth and support the development of Bukavu and the Democratic Republic of the Congo as a whole