In an effort to stem the decline of the currency, the Banque Centrale du Congo has ordered mining companies to pay their taxes in Congolese francs (CDF). The announcement followed a meeting on 17 July ...

The government is also on a drive to open up its economy to foreign investors, striking deals with overseas firms for exploration and production.

With new directives from the central bank, Kinshasa hopes to boost the Congolese franc and reduce the country’s dependance on the US dollar. But will these efforts work?

NAIROBI (Reuters) -The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and ...

The Democratic Republic of Congo's central bank said Thursday that it would ban the use of dollars and other foreign currencies for cash transactions in the country. Foreign currencies have gradually ...