Stabilization of the exchange rate in the DRC: taking measures to control the prices of goods on the market.
The Prime Minister of the Democratic Republic of Congo, Jean-Michel Sama Lukonde, chaired a meeting of the Economic Situation Committee to assess the country’s economic situation. One of the subjects discussed during this meeting was the question of the stabilization of the exchange rate on the market, and the measures taken by the Government to achieve this.
In order to strengthen the purchasing power of the Congolese and to comply with the Government’s economic measures in terms of exchange rates, the Economic Committee announced the establishment of strict economic control of the prices of goods on the market. walk. This was stated by the Deputy Prime Minister, Minister of National Economy, during a press conference.
For the past three weeks, the Government, in collaboration with the Central Bank, has intervened directly on the foreign exchange market to stabilize the exchange rate in favor of the Congolese franc. This stabilization is a key element for the economic sovereignty of the country. However, despite these efforts, the prices of goods on the market have not experienced a significant decrease. This is why the Government has taken additional measures to strengthen the regulation of the economy.
One of these measures is to put in place strict economic control of prices. It has been found that some merchants apply a high exchange rate behind their outlets, after converting currencies at a favorable rate. This practice must be eliminated. In addition, price disparities have been observed in different geographical areas. It is therefore necessary to regulate the market and ensure a certain fairness in the setting of prices.
The Deputy Prime Minister also wished to reassure the population by emphasizing that the current stability of the exchange rate is not only cyclical, but is based on solid monetary, economic and budgetary measures put in place by the Government.
The meeting of the Economic Situation Committee also saw the participation of other members of the Government, such as the Minister of State in charge of the Budget, the Minister of Foreign Trade, the Minister of Planning, the Deputy Minister of Mines and the Deputy Minister of Finance.
This taking of measures to control the prices of goods on the market is an important step in the Government’s desire to strengthen the country’s economy and improve the purchasing power of the Congolese. It remains to closely monitor the application of these measures and assess their impact on the country’s economy