The Democratic Republic of Congo to stop using the dollar currency

The Central Bank of the Democratic Republic of the Congo has issued an order to reduce the use of the US dollar in the current transactions of various products and services in the country.

Jun 8, 2024 - 15:16
The Democratic Republic of Congo to stop using the dollar currency

The Democratic Republic of the Congo is trying to reduce the dependence of the country's economy on the US dollar currency, and in relation to that, the country's central bank has recently issued instructions aimed at dealing with the dollar currency in banking and credit institutions.

The Central Bank of the Democratic Republic of the Congo recently ordered credit institutions and financial companies to revise their electronic payment terminals to work only with Congolese francs.

It has been stated that, the aim of the action is to promote the use of the national currency and encourage people to use this currency in all current activities of goods and services.

In the long run, dollar transactions will be more expensive than Congolese franc transactions, encouraging businesses and individuals to keep their accounts in the national currency.

 

One of the main tools of the United States for controlling the global economy and strengthening the foundations of Washington's leadership in the world is the country's currency, the dollar, which has been and continues to be used many times in economic wars against countries that are not part of the United States. politically and ethically.

Many governments of the world have reached this strategic conclusion that it is better to keep themselves with the dollar currency in order to reduce the expected impact and the harm that may occur in the future and affect the economy of their countries.