The Central Bank of Congo (BCC) has published its weekly note on the economic situation in the country. According to this note, the exchange rate between the Congolese franc and the US dollar remained stable on the official and parallel markets. On the official market, the Congolese franc appreciated slightly by 0.6% against the US dollar, to stand at 2,303.55 Congolese francs as of May 26. However, on the parallel market, the Congolese franc depreciated slightly by 0.11% to reach a rate of 3,354.8 Congolese francs.
Despite the relative stability of the foreign exchange market, the execution of the budget in foreign currency shows a deficit of 94.09 million US dollars, following receipts of 68.9 million US dollars and expenditure of 162.9 million dollars. Americans. The DRC’s international reserves amount to 4.1 billion US dollars, corresponding to an import cover of 2.25 months.
In short, the Central Bank’s economic situation note reflects an economically stable situation, but which could be weakened by budget deficits. The DRC must therefore maintain its vigilance and pursue sound economic policies to ensure sustainable growth.