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Central Bank of Congo: the new boss is working to reduce the pressure on the exchange rate

21/08/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Central Bank of Congo (BCC) announced on Monday, August 18, 2025, that it had sold $50 million to the country's commercial banks at the rate of 2776 Congolese francs for 1 dollar.

The operation of the Central Bank of Congo aims to contain the pressure on the exchange rate and to stabilize the national currency. According to reports, banks paid these dollars in Congolese francs, which removes some of the local currency from circulation. Through this initiative, the Central Bank of Congo intends in particular to reduce the pressure on the exchange rate. Concretely, the banks paid these dollars in Congolese francs, which removes part of the local currency from circulation. At the same time, the supply of dollars on the market is expected to increase, reducing the scarcity of this currency in the market and curbing its rise. In the short term, this mechanism makes it possible to stabilize the Congolese franc and limit the speculative demand for

currencies.

This measure aims to reassure economic operators, reduce pressure on the Congolese franc and limit speculation, according to Guy Sylvain Katumba, consultant in governance and public finances.

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