DRC: Free fall of the Congolese Franc

DRC: Free fall of the Congolese Franc

06/09/2023

The article highlights the economic challenges in the Democratic Republic of Congo, including a 21% depreciation of the Congolese franc, 25% inflation, and financial struggles in the private press sector. The Central Bank injected $150 million to stabilize the currency.

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The main rate of the Central bank jumps from 11% to 25%.

The main rate of the Central bank jumps from 11% to 25%.

08/08/2023

The Central Bank of Congo held an extraordinary meeting to discuss recent market developments. Due to persistent inflationary pressures, the Monetary Policy Committee decided to tighten monetary policy by raising the benchmark interest rate from 1% to 25%. The decision aims to stabilize the economy and counter the impact of external and internal shocks.

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Initiative “Invest in DRC” to Ivory Coast

Initiative “Invest in DRC” to Ivory Coast

09/19/2023

A high-level delegation from the Democratic Republic of Congo is visiting Côte d'Ivoire to promote investment opportunities and showcase the country's economic advantages.

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