Economic news in the DRC: the Congolese franc slightly appreciated against foreign currencies
The economic situation in the Democratic Republic of Congo is at the heart of concerns, particularly with the evolution of the exchange rate of the Congolese franc. During the meeting of the Council of Ministers on Friday, August 11, the Deputy Prime Minister, Minister of National Economy, Vital Kamerhe, addressed the issue of the slight appreciation of the Congolese franc against foreign currencies, in particular the dollar American.
According to the reports of this ministerial meeting, Vital Kamerhe underlined the paradox of the current situation. Indeed, despite the fall in the exchange rate and the relative stability of the national currency, prices on the markets do not follow this downward trend. To remedy this, he highlighted the need to apply the interbank rate, which would allow a significant drop in product prices on the markets.
In his previous statements, the Deputy Prime Minister had expressed his commitment to the stabilization of the Congolese franc, thanks in particular to the additional measures taken by the Central Bank of Congo. The latter puts in place strategies aimed at combating speculation on the national currency and achieving the dedollarization of the economy.
Despite this slight appreciation of the Congolese franc on the parallel market, with an exchange rate oscillating between 2400 and 2430 Congolese francs per US dollar, it is important to emphasize that the measures taken so far have not yet had any impact. tangible effect on the purchasing power of the population. The situation remains worrying, and it is essential to continue efforts to stabilize the currency and improve the country’s economic situation.
The future of the Congolese economy will largely depend on the implementation of effective measures to combat inflation, encourage investment and promote economic diversification. It is therefore crucial that the authorities continue to work on solid and adapted economic policies, in order to enable sustainable growth and inclusive development for the entire population.
In this context, it is essential to strengthen transparency and economic governance, encourage local entrepreneurship and attract foreign investment. The DRC has considerable potential, particularly in sectors such as agriculture, natural resources and new technologies. By exploiting these opportunities and fostering a business-friendly environment, the country can position itself on the path to sustainable economic growth and shared prosperity.
It is therefore imperative that decision-makers and economic actors work together to meet these challenges and build a better future for the DRC.. With strong economic management and policies focused on sustainable development, the country can emerge as a regional economic force, thereby creating employment opportunities and improving the living standards of its population. The Congolese franc will then be able to gain stability and value, thus contributing to sustained economic development.