Browsing Tag

reserves

concerns about the decline in foreign exchange reserves

The Democratic Republic of Congo again has only 2.5 weeks of foreign exchange reserves. Nearly $ 700 million, according to the Monetary Policy Committee. The decline in these reserves, crucial in a country that matters for everything, led last year to higher prices and a decline in the Congolese franc. Are we in danger of experiencing the same scenario at the end of the year? Falling back into a crisis similar to 2019 is what fears former presidential candidate Noel Tshiani, a former senior World Bank staffer who has…

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