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Relative economic stability in rebel areas

    NAIROBI

    Isolated from the rest of the country and relatively well integrated into the economy of the Great Lakes region, the rebel-held provinces of North and South Kivu and Province Orientale have avoided the "hyperinflation and economic collapse that has ravaged" western DRC, the latest monthly report from the Office of the UN Humanitarian Coordinator said. A "booming"
    Rwandan economy and its increasing demand for Kivu farm produce had contributed to relative economic stability in RCD-controlled regions, with the difference between the foreign exchange rates in Kinshasa and Goma ranging from 100-150 percent, the report said. However, it said a "rapprochement" of the country's two "monetary zones" in the aftermath of the Lusaka peace agreement may undermine economic stability in the east in
    the short term, while potentially slowing down inflation in the west.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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