The DRC’s extractives sector accounted for 46% of government revenue and 99.3% of exports in 2019. Taxing miners in Congolese francs is therefore not a bad idea. CDF miningnews
in the local currency.
“These new measures should be enough to temper the stress on the market especially in the short term,” says Willy Mulamba, deputy managing director at Citigroup Congo and chairman of the Congolese Banking Association.The sell-off in the Congolese franc began at the start of June, triggered by theGet unlimited access to our exclusive journalism and features today.
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