Kinshasa, November 14, 2020 (ACP)-.The Congolese franc (FC) remained stable against the American currency, changing to 1.965 (one thousand nine hundred and sixty-five) FC for one dollar, during for the week of November 9 to 16, 2020, indicates the Central Bank of Congo (BCC) in its market price on the ratio of the exchange rate of the national currency to the different currencies.

During the same period under review, FC appreciated on the parallel market, trading at 2,010 (two thousand, thirteen) FC against 2015 (two thousand, fifteen) FC for one US dollar.

The appreciation of the national currency on the parallel market and the stability on the interbank market is dependent on the policy of the government and the BCC which aims to contain inflation, indicates the report of the Economic Conditions Committee that the Prime Minister chaired Tuesday at the government hotel.

According to the Economic Conditions Committee, some improvement in metal prices on the international market, in particular copper, the price of which rose to 6,857 (six thousand eight hundred and fifty-seven) USD per ton on average, despite a slight drop in cobalt and manganese which does not affect the economic situation.

This improvement has contributed to the deceleration of the pace of internal price formation, maintains the Economic Conjuncture Committee, specifying that inflation is contained as well as the stability of the exchange rate at the parallel and the indicative .

As a reminder, the economy of the Democratic Republic of Congo (DRC) is facing difficulties following the COVID-19 pandemic. The country, like all the other countries in the world, suffered shocks which adversely affected the economic growth from the start of 2020.

The latest estimates of economic growth based on data at the end of June of the current year 2020, indicate a contraction of the Congolese economy of -1.7% less significant than that estimated in March 2020 which was -2, 4%.

Currently, with continued investment in the productive sector, particularly agriculture and energy, the DRC is on the path to economic diversification that will enable it to boost its economy. Added to this is the rise in exports of mining products with China, following the reopening of borders after the control of the Covid-19 pandemic.