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n African Journal of Democracy and Governance - Dé-dollarisation de l'économie de la République Démocratique du Congo : enjeux, défis et perspectives

Volume 1, Issue 2_3
  • ISSN : 2313-6529

Abstract

In the 1990s, the Democratic Republic of Congo faced a hard and contrasted economic situation, characterized by the fall of the production and public proceeds, the highest level of inflation and the permanent instability of change rates, political crisis at home and the freezing international cooperation. As a consequence, the Congolese currency then Zaire lost its value and its role as a symbol of sovereignty to foreign currencies, especially to the US dollar, which imposes itself as a domestic currency used in all financial transactions. This was expressed by the concept of "dollarisation". "De-dollarisation" signals a set of measures taken by the government and the central bank in order to reverse this situation which impacted negatively on economic growth by bringing the national currency back in. recently, the DRC government announced a series of measures aimed at ending this "dollarisation" of the economy that has prevailed over almost three decades. However, the "de-dollarisation" of the Congolese economy cannot be achieved overnight. Against this background, this article reflects on the twin phenomena of "dollarisation" and "de-dollarisation" of the Congolese economy, the current state of affairs as well as on the challenges and prospects for "de-dollarisation".

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/content/ajdg/1/2_3/EJC173755
2014-01-01
2020-12-04

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