DRC: Jules Alingete Key acknowledges a deterioration in the exchange rate in 2024, attributing it to a relaxation of budgetary discipline

Jules Alingete Key reported a depreciation of the Congolese franc in 2024, dropping from 1,980 to 2,850 francs per US dollar, a decline of over 40%. He attributes this deterioration to a relaxation of budgetary discipline, exacerbated by an increase in irregular emergency payments. Despite an increase in tax revenues in Congolese francs, this growth did not translate into US dollars.