Recent news has been marked by an appreciation of the Congolese franc against the US dollar. After a period of sharp decline at the end of July and the beginning of August 2023, the Congolese currency has seen an increase, arousing the attention and questions of observers.
This appreciation could be attributed to the measures taken by the Congolese government, in particular the imposition of payment in Congolese francs for all transactions carried out with commercial banks. This policy would aim to encourage the use of the national currency and limit dependence on the US dollar.
However, some scholars remain skeptical about the durability of this appreciation. They believe that this is a temporary effect and predict a further depreciation of the Congolese Franc against the US dollar. Others, on the other hand, take a more optimistic view and see this appreciation as a sign of long-term economic stability.
It is important to note that exchange rate fluctuations are influenced by many factors, such as the country’s economic situation, monetary policy, capital flows or international political events. It is therefore difficult to predict with certainty the future evolution of the Congolese Franc.
In conclusion, the appreciation of the Congolese franc against the US dollar is causing debate among specialists. While some remain cautious about its sustainability, others see it as a positive sign for the Congolese economy