Kinshasa, 21 November 2020 (ACP)-. The Congolese Franc (FC) is known a relative stability at the indicative against the American currency, changing to 1,966 (one thousand nine hundred and sixty-six) FC for one dollar against 1965 (one thousand nine hundred and sixty-five) FC, during the week of November 9 to 15, 2020, indicates the Banque centrale du Congo (BCC)  in its mercurial on the ratio of the exchange rate of the national currency by contribution to the different currencies.

During the same period under review, the CF remained stable on the parallel market, trading at 2,012 (two thousand-twelve) FC to the US dollar.

The appreciation of the national currency on the parallel market and the relative stability in the interbank market depends on the policy of the government and the BCC which aims to contain inflation, says the minutes of the Economic Conjuncture Committee that the Prime Minister chaired Tuesday at the government house.

According to the meeting of the Economic Conjuncture Committee held on Wednesday of the week under review, the macroeconomic situation in the Democratic Republic of the Congo has remained stable both in terms of metal prices and in terms of inflation and the exchange rate.

This stability, says the Economic Conjuncture Committee, is due to the control of economic parameters by the central government, the  Central Bank of Congo (BCC), economic operators and the support of the Congolese people.

According to the report made by the Deputy Prime Minister and Minister of the Budget, Jean Baudouin Mayo Mambeke, metal prices are rising particularly the price of copper on the international market. This metal is sold at 7,013 (seven thousand, thirteen) US dollars per metric ton while cobalt has experienced a slight loss of its value in the same market. However, the Economic Committee also notes that other metals are on the rise and that mining production is continuing.

Regarding the economic outlook at the end of December, the Deputy Prime Minister indicated that these in the short term were examined to end the year by maintaining stable, the macroeconomic framework in a context of pressure in terms of spending in the face of the limited financial means available.

As a reminder, the economy of the Democratic Republic of Congo (DRC) is facing the difficulties resulting from the COVID-19 pandemic. The country has, like across all other countries in the world, suffered shocks that have damaged the economic growth derived from the beginning of 2020.

The latest estimates of economic growth based on data at the end of June of the current year 2020, indicate a contraction of the Congolese economy of -1.7% less than that estimated in March 2020 which was -2.4%. Currently, with continued investment in the productive sector, including agriculture and energy, the DRC is on the path to economic diversification that will enable it to recover its economy. Added to this is the rise in exports of mining products with China, following the reopening of borders after the control of the Covid-19 pandemic. ACP/CL/MPK