DR Congo moves to ban use of dollar

Author: Henry OduahPublished on: April 9, 2026Country: Democratic Republic of Congo

PoliticsBusiness & Economy

The Central Bank of the Democratic Republic of Congo announced it will ban the use of dollars and other foreign currencies for cash transactions starting in April 2027. This measure aims to combat money laundering and terrorist financing, as the Congolese franc has depreciated significantly against the dollar. Despite several past attempts to prohibit the dollar's use, it remains widely used for transactions over $5.

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