The regulation of foreign exchange markets in Congolese positive law
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The foreign exchange market sector in the Democratic Republic of Congo is regulated by a number of laws, instructions and measures issued by the BCC. These instruments relate to the regulatory powers of the Banque Nationale du Congo with regard to foreign exchange regulation, set the rate and terms of collection of the foreign exchange hedging premium on long-term foreign currency loans, and regulate domestic and foreign currency transactions in the DRC. When we speak of the regulation of foreign exchange markets, we imply the intervention of the State to give price and value to its currency i...
The foreign exchange market sector in the Democratic Republic of Congo is regulated by a number of laws, instructions and measures issued by the BCC. These instruments relate to the regulatory powers of the Banque Nationale du Congo with regard to foreign exchange regulation, set the rate and terms of collection of the foreign exchange hedging premium on long-term foreign currency loans, and regulate domestic and foreign currency transactions in the DRC. When we speak of the regulation of foreign exchange markets, we imply the intervention of the State to give price and value to its currency in relation to foreign currencies. Admittedly, in the DRC, this currency exchange sector, although regulated, is confronted with structural or organizational problems, in the sense that exchange operations are carried out everywhere and by everyone. Hence the solutions envisaged in this book, with a view to providing an appropriate framework for foreign exchange markets in the DRC.
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