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Combating the Dollarization of the Congolese Economic Situation and Encouraging Financial Incorporation

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The Reserve Bank of Congo (BCC) has actually mandated that all Digital Repayment Terminals (EPTs) in the Autonomous Republic of Congo (DRC) just approve Congolese francs. This relocation intends to enhance using the nationwide money and lower dependence on the United States buck, which deteriorates the franc. Presently, just 13% of EPTs approve Congolese francs, preferring international money in the dollarized economic situation. The BCC’s brand-new plan sustains previous procedures needing rates and state settlements to be in the nationwide money. Specialists emphasize that while these procedures declare, making certain the franc’s security is essential for lasting success in dedollarizing the economic situation.

AFRICA NEWS

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