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Kinshasa bans use of forex for local transactions

    NAIROBI

    The DRC government has banned the use of foreign currency as payment for local transactions. The government decree issued at the weekend aims to stem speculation against the local currency, Reuters reported yesterday (Tuesday). The local unit fell to 4.50 per US$ from 4.20 last week and 3.50 around the start of the year. Foreign exchange operators have blamed the depreciation on the recent issuance of new notes.

    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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