The government of the Democratic Republic of Congo on Monday announced urgent measures to end the overheating in the foreign exchange market.

During the weekly briefing focusing on the “Financial Inclusion Strategy and the Situation of the Congolese Franc”, it was reported that the DRC has adopted urgent measures to end the overheating. “We have taken urgent measures to stop the overheating on the foreign exchange market, following a meeting with the President of the Republic because, it was observed that this is the second time since the beginning of the year that there has been an overheating which has an impact on the market for goods and services,” announced the Minister of Finance, Nicolas Kazadi, co-animator of the briefing with his colleague from the

Concretely, the government will ensure that “cash” spending is limited to the strict minimum, Minister Kazadi said. The objective is to reduce demand for foreign currency in order to give priority to demand in Congolese francs.

In addition, at the monetary level, the Central Bank of Congo will regulate the flow in Congolese francs, through its key rate, before suggesting that it is necessary to “make a change in the BCC's reserve policy”.