DR Congo announces measures to stabilize its national currency

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DR Congo announces measures to stabilize its national currency

STORY: DR Congo announces measures to stabilize national currency DATELINE: July 19, 2023 LENGTH: 00:01:19 LOCATION: Kinshasa CATEGORY: ECONOMY SHOTLIST: 1. various of Kinshasa 2. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC Minister of Finance 3. various of Kinshasa STORYLINE: The Minister of Finance of the Democratic Republic of the Congo (DRC), Nicolas Kazadi announced at a press briefing in Kinshasa late Monday urgent measures taken by the government to stabilize the Congolese franc, the currency of the country, on the foreign exchange market. According to the minister, the value of the Congolese franc against the U.S. dollar continued to slide recently. The measures to stabilize the Congolese franc include the intervention of the central bank in the foreign exchange market, and the increase in the utility of the Congolese franc. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC minister of Finance "What are the measures that we are going to take? First, the Central Bank, which disposes of important reserves,

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