Exchange Rate in DR Congo

DR Congo Exchange Rate | Economic News & Forecasts

DR Congo - Exchange Rate

Downside risks to growth rose in the second quarter as heightened trade tensions likely weighed on the export-oriented economy. Although average activity in the all-important mining sector accelerated in Q2, the rise in production was countered by lower global prices for base metals owing to an escalation in the U.S.–China trade war in May. This, coupled with a contraction in gold and oil output in Q2, likely hampered merchandise export earnings in the quarter. Turning to the third quarter, the closure of the Mutanda cobalt mine in August, amid a dramatic fall in prices, is set to weigh on overall growth. Meanwhile, at its September Article IV consultation, the IMF highlighted the need to overhaul the tax system in order to foster fiscal consolidation.

DR Congo - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)-     -     -     -     -     

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Note: Exchange rate, CDF per USD (eop).
Source: Central Bank of Congo

DR Congo Facts

ValueChangeDate
Exchange Rate1,665-0.78 %Sep 04
Stock Market0.60.0 %Sep 04

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