Why DRC central bank is banning dollar use

The Central Bank of the Congo (BCC) announced a ban on cash transactions in US dollars starting April 9, 2027, allowing only non-cash transactions. This decision aims to combat money laundering and strengthen the Congolese franc. However, with less than 20% of the population having access to banking services, implementation could face challenges, including a potential rise in the black market. Economists question whether the Congolese franc can truly replace the dollar in the Congolese economy.