The Congolese franc recorded a depreciation of 26.2% in 1 year
The Congolese Franc, national currency of the Democratic Republic of Congo, is marked by continued depreciation.
Data published by the services of the Central Bank of Congo reveal that in one year, between March 2023 and March 2024, the national currency recorded a significant depreciation of around 26.2%.
The same situation was also reported on the parallel market where the national currency of the DRC recorded a drop in value of around 16.1% against the US dollar.
Furthermore, as of March 15, 2024, the national currency recorded a weekly appreciation of 0.11% at the indicator, placing the rate at 2,758.05 CDF against one US dollar.
At the same time, the rate stood at 2,767.19 CDF, a slight depreciation of 0.60%.
At the end of December 2023, the national currency experienced a loss of value of 3.23% at the indicator and 2.91% at the parallel.
In the large cities of the country’s provinces, the average exchange rate stood at 2,757.45 CDF, representing a weekly depreciation rate of 0.23%.
