Central Bank of Congo's interest rate drops from 15% to 13.5%

The Monetary Policy Committee of the Central Bank of Congo has decided to lower its interest rate from 15% to 13.5% due to a deceleration in inflation and resilience in economic activity. Additionally, the physical importation of foreign currencies by commercial banks is now prohibited, and cash transactions in foreign currencies are banned. The BCC has also confirmed its partnership with DRC Gold Trading to accumulate raw gold to strengthen foreign exchange reserves.