Price stabilization and purchasing power in the DRC
The Government of the Democratic Republic of Congo (DRC) recently announced its intention to launch inspectors on the goods and services market in order to guarantee the truth of prices and to strengthen the purchasing power of the population. This initiative is part of the economic regulation policy put in place to stabilize the country’s economy.
During a meeting chaired by the Congolese Head of Government, Jean-Michel Sama Lukonde, the Economic Conjuncture Committee discussed the current situation, focusing on the measures taken to stabilize the exchange rate on the market. The Congolese authorities have notably underlined their desire to fight against speculation on the national currency and to de-dollarize the economy.
The Deputy Prime Minister, Minister of National Economy, Vital Kamerhe, stressed the importance of regulating the economy to ensure price stability. He said that despite the decrease in the exchange rate in favor of the Congolese Franc, prices in the market remained practically the same. He also announced his intention to control the practices of economic actors, such as oil companies, to guarantee a fair application of the exchange rate and avoid manipulations that could harm the purchasing power of consumers.
Alongside these economic regulation measures, the Congolese government is also relying on monetary, budgetary and economic policy measures to strengthen the country’s financial stability. These initiatives are intended to foster a lasting appreciation of the Congolese Franc and to improve the purchasing power of the population.
With this in mind, the Congolese government also intends to focus on infrastructure development, aimed at stimulating economic growth and supporting exponential demographic expansion. The strengthening of infrastructure is considered a key element to create new economic opportunities and improve the living conditions of local populations.
In conclusion, the Government of the DRC is implementing economic regulation measures to stabilize prices on the market and strengthen the purchasing power of the population. These initiatives, combined with monetary policy and infrastructure development measures, aim to create an economic environment favorable to the growth and well-being of Congolese citizens