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Banks: the BCC requires a measure from credit institutions and financial companies

06/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The governor of the Bank of Congo (BCC) requires credit institutions and financial companies to set up their electronic payment terminals only in national currency.

The governor of the Bank of Congo (BCC), Malangu Kabedi Mbuyi announced that through the measure put in place, the BCC wants to strengthen its framework for the payment sector, in connection with the measures to support the Congolese franc resulting from the ordinary meeting of the Council of Ministers of the Government in July 2023. According to the latter, this measure should encourage the population to use the national currency more often in payments for goods and services, in particular for everyday consumption, through the use of electronic payment terminals in shops. But the application of this measure does not in any way exclude the possession and use of payment cards denominated in

foreign currency.
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