Image of exchange rate stability in the Democratic Republic of Congo
The stability of the exchange rate and the promotion of the Congolese franc were at the heart of discussions during the recent meeting of the economic situation committee in the Democratic Republic of Congo. Chaired by Prime Minister Jean-Michel Sama Lukonde, this meeting brought together members of the Congo Business Federation (FEC) in order to evaluate the evolution of support measures around the national currency.
The Minister of State in charge of the Budget, Aimé Boji Sangara, underlined the importance of actions aimed at promoting the use of the Congolese franc in commercial transactions. Measures such as installing payment terminals in supermarkets and combating customs fraud were discussed to boost confidence in the local currency.
Regarding macroeconomic indicators, we observe relative stability in the exchange rate with a slight appreciation compared to the previous week. Currently, the Congolese franc is trading at 2754 per US dollar. Foreign exchange reserves also showed a slight improvement, amounting to 5.71 billion US dollars, which represents 11.87 weeks of imports of goods and services from the government’s own resources.
This stability of the exchange rate testifies to the efforts made to strengthen the Congolese economy and promote the use of the Congolese franc. The establishment of incentive measures and the fight against fraudulent practices contribute to consolidating confidence in the national currency and strengthening the economic stability of the country.
Finally, to consult other news articles on the economy in the Democratic Republic of Congo, do not hesitate to visit the following links:
1. “Supporting measures for exchange rate stability in the DRC”: [link to article]
2. “The evolution of macroeconomic indicators in the DRC”: [link to the article]
Together, let us continue to closely monitor developments in the economic situation in the DRC and the initiatives put in place to promote the country’s financial stability.