Regulation of Electronic Payment Terminals in national currency in the DRC: a measure to strengthen the local economy

The recent decision by the Central Bank of Congo to impose the configuration of Electronic Payment Terminals in national currency has sparked a lively debate among the population. While these devices facilitate electronic transactions by allowing consumers to make payments in stores with their bank card, the announcement of this measure has caused some concern and confusion among citizens.

Some alarmist rumors have even wrongly claimed that ATMs would also be affected by this directive, which led the Central Bank of Congo to publicly clarify the situation. The governor of the BCC, Malangu Kabedi, explicitly emphasized that ATMs are not included in this regulation and will continue to operate normally.

In a context where the circulation of false information has become commonplace, it is essential to remain vigilant and verify the veracity of sources before relaying information. It is with this in mind that the program “Fatshimetrie” is committed to informing the public and verifying the veracity of facts to counter the spread of fake news on digital platforms.

This position taken by the Central Bank of Congo also raises broader questions about the country’s economy and monetary policy. By imposing the configuration of Electronic Payment Terminals in national currency, the BCC seeks to strengthen the use of the local currency and better control financial flows in the country.

This measure can also be interpreted as a desire to promote the country’s economic autonomy by limiting the use of foreign currencies. By promoting transactions in national currency, the Central Bank of Congo hopes to encourage the country’s economic development and stabilize its financial system.

It is essential that citizens and economic actors understand the issues of this decision and adapt to the new standards put in place by the BCC. By promoting the use of the national currency in electronic transactions, the country could strengthen its economic sovereignty and contribute to its long-term growth.

Ultimately, the regulation imposed by the Central Bank of Congo on Electronic Payment Terminals in national currency represents an important step in the consolidation of the country’s financial system. It underlines the importance of the local currency and invites economic actors to adapt to these new directives to contribute to the economic development and stability of the country.

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