Figures recently published by the Central Bank of Congo (BCC) show a contraction in the holdings of commercial banks in national currency. On a weekly basis, these assets recorded a decrease of 396.9 billion Congolese Francs (CDF), thus reaching a total of 3,057.2 billion Congolese Francs (CDF).
These figures underline a significant decrease compared to the previous week, when the national currency holdings of commercial banks amounted to 3,454.1 billion Congolese Francs (CDF). According to the note on the economic situation of the BCC, the compulsory reserve in national currency is 2,693.6 billion Congolese francs (CDF), which leaves a net position of the assets of commercial banks in national currency of 363.6 billion. Congolese francs (CDF). It should be noted that this position was 760.5 billion Congolese Francs (CDF) the previous week.
At the same time, the required foreign currency reserves stood at 326.0 billion Congolese Francs (CDF) over the same period.
These figures reflect fluctuations and movements in the Congolese economy, and may be influenced by various factors such as trade transactions, monetary policies and macroeconomic adjustments.
It is important to note that the Central Bank of Congo plays a key role in the management of the country’s monetary policy, ensuring that the assets of commercial banks are in compliance with the regulations in force. This contraction in domestic currency holdings underscores the need for economic authorities to closely monitor the situation and identify necessary measures to stabilize the economy.
In conclusion, the figures recently published by the Central Bank of Congo reveal a contraction of the assets of commercial banks in national currency. This situation highlights the importance of prudent management of financial resources and the implementation of coherent economic policies to ensure the stability and growth of the Congolese economy