Congolese franc: Nicolas Kazadi praises stabilization but acknowledges the shock of a 'too brutal' appreciation

Nicolas Kazadi praised the stabilization of the Congolese franc, with an exchange rate around 2,300 francs for one dollar, while acknowledging that the appreciation was 'too strong and too brutal.' He rejected accusations that this exchange policy was politically motivated, attributing past difficulties to a relaxation in the control of bank reserves. Kazadi also downplayed the negative impact of the appreciation on exporters' competitiveness, while noting a regrettable effect on the state's budget.