Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The de-dollarization of the Congolese economy: challenges and prospects

The de-dollarization of the Congolese economy: challenges and prospects

Nzita Mbungu, Patrick

Paperback

Business General

ISBN10: 6207935705
ISBN13: 9786207935703
Publisher: Our Knowledge Publishing
Published: Aug 12 2024
Pages: 52
Weight: 0.20
Height: 0.12 Width: 6.00 Depth: 9.00
Language: English
The de-dollarization of the economy of the Democratic Republic of Congo (DRC) is a complex and crucial subject that merits in-depth analysis. In the DRC, as in many other developing countries, the predominant use of the US dollar is partly a consequence of the country's economic, monetary and political instability. This book examines the economic, financial, institutional and social factors influencing this process. It also seeks to elucidate the fundamental reasons behind the process of combating the dollarization of the Congolese economy, and assesses the measures taken by the authorities over almost three decades.To promote the de-dollarization of the Congolese economy, it is essential to strengthen confidence in the national currency. This requires a prudent monetary policy, greater macroeconomic stability and effective economic governance. In addition, improving access to formal financial services and promoting financial inclusion can encourage the use of the national currency for everyday transactions.

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