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International News: DRC Mandates Card Payments in Local Currency to Reduce Dollar Reliance

  

October 24, 2024     Share on   facebook   Twitter

The Democratic Republic of Congo (DRC) has introduced a new policy requiring businesses to accept payments via card in the local currency, the Congolese franc, as part of a broader effort to reduce reliance on the U.S. dollar. Karen Mamba, manager of Mabele Coop Supermarket, supports the move, citing potential benefits for local businesses and consumers. The move is part of broader efforts to promote financial sovereignty and enhance local economic resilience.