The Central Bank of Congo (BCC) has mandated that all Electronic Payment Terminals (EPTs) in the Democratic Republic of Congo (DRC) only accept Congolese francs. This move aims to boost the use of the national currency and reduce reliance on the US dollar, which weakens the franc.
According to the BCC, this measure aims to strengthen the use of the national currency and encourage the population to prefer it for everyday transactions of goods and services. This initiative is part of a series of major reforms launched by Nicolas Kazadi, the former Minister of Finance, aimed at combating the dollarization of the economy and promoting financial inclusion.
Currently, only 13% of EPTs…
