Fatshimetrie, the independent and committed media, revealed a crucial piece of information in its latest publication. Indeed, Prime Minister Judith Suminwa, under the leadership of President of the Republic Félix-Antoine Tshisekedi Tshilombo, was tasked with urgently reassessing the exchange rate stabilization measures put in place by the previous government.
This announcement underlines the crucial importance of the current economic situation in the Democratic Republic of Congo. Indeed, the exchange rate, heavily impacted by the dollarization of the economy, plays a major role in the daily lives of Congolese citizens. Fluctuations in the national currency against the American currency have direct repercussions on the purchasing power of households, undermining the financial stability of many households.
Through this decision, President Tshisekedi reaffirms his commitment to protecting the purchasing power of the Congolese and working to improve the living conditions of the population. The revision of exchange rate stabilization measures is thus part of a comprehensive approach aimed at revitalizing the national economy and ensuring a more stable and predictable financial environment for all.
Among the actions undertaken in July 2023 to stabilize the exchange rate, we find the vigorous intervention of the Central Bank of Congo on the foreign exchange market, the rigorous management of public finances, the supervision of foreign exchange transactions carried out by exchange offices, the strengthening of foreign exchange repatriation measures, among others.
This reorientation of economic policies demonstrates a strong government desire to respond to current economic challenges and provide concrete solutions to improve the daily lives of citizens. By focusing on exchange rate stability, the government is committed to fostering a healthier economic environment conducive to the country’s sustainable development.
In conclusion, the revision of exchange rate stabilization measures in the DRC is an essential step in the quest for a more resilient and inclusive economy. By tackling monetary and financial issues, the government is affirming its determination to create the necessary conditions for sustainable and equitable economic growth, serving the entire Congolese population.