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Congo’s central bank governor eyes shift away from dollar dependence
23 Aug 2025 17:17 GMT
… to rebuild confidence in the Congolese franc and curb the nation’s … according to a Bloomberg report.
Congo earns almost all its export … can build a new Congo with a currency other than the … future for the Franc
Reinstating confidence in the franc, Wameso says, …
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M23’s State-Building Project: Africa File Special Edition
09 Sep 2025 13:11 GMT
… occupation of parts of eastern Congo,” which would make it … and fraud and unstable currency exchange rates in parallel … in 2025 that counterfeit currency has circulated in M23- … associates.[84] Badly damaged Congolese franc banknotes are circulating widely in …
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CEMAC Risks Losing Billions as Oil Firms Resist Currency Repatriation
02 Jul 2025 13:10 GMT
… BEAC) and governments in Cameroon, Congo, Gabon, Equatorial Guinea, Chad, … ease fears of a CFA franc devaluation.
Oil companies’ … have to repatriate foreign currency. BEAC has also allowed … pay local subcontractors in foreign currency.
A financial insider says …
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Visa launches ‘Visa Pay’ to boost digital payments, financial inclusion in DRC
05 Sep 2025 01:31 GMT
… account-to-account transfers in Congolese Franc (CDF) and US Dollars. The …
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DRC's dedollarisation: a bold shift to Franc Congolais
21 Mar 2025 13:25 GMT
… Democratic Republic of the Congo is officially relinquishing its … on its own currency, the Franc Congolais or Congolese Franc. The DRC, … a reserve currency and being the preferred currency for … ditching hard currency for a local, autonomous currency often has …
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Africa's weakest currency is held by one of its smallest but prettiest countries
11 Mar 2025 06:00 GMT
… used the dobra as its currency since 1977, with a … as the island country’s currency in 1977, replacing the escudo … days.
The second weakest currency in Africa is held by … Franc, Uganda’s Ugandan Shilling and the Democratic Republic of Congo’s Congolese Franc …
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France’s modern colonies: the CFA Franc System
11 Feb 2025 07:21 GMT
… hegemony was the CFA franc, a currency designed to keep African … on Paris.
The CFA franc (Franc des Colonies Francais d’ … , Chad, the Republic of Congo, the Central African Republic, … local industrialization. Because the currency remains overvalued, it makes …
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African countries that rely on France to print their currency
12 Feb 2025 16:55 GMT
… , it remained the official currency of multiple nations.
Since …
Ivory Coast
Republic of Congo
Mali
Equatorial Guinea
Niger
… African CFA franc (XOF) is the official currency of eight … into a strong international currency.
Push for monetary independence …
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Rwanda hit by dollar shortage as franc weakens
23 Oct 2024 08:59 GMT
… depreciating franc and fears of a rise in inflation.
Forex bureaus … mounted an operation against forex traders involved in illegal … in the Democratic Republic of Congo.
"The dollar demand … worsen depreciation of the local currency.
“Most of our traditional …
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Diamond czar Maurice Tempelsman, Jackie O companion, dead at 95
26 Aug 2025 00:15 GMT
… and now-Democratic Republic of Congo, as early as 1960 and … a symbolic one franc, the country's currency at the time …