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Lese-Ansicht

Congo’s FX Reserves Fuel Currency’s 29% Rally to No.1 Spot in Africa

A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.

Currency notes wrapped in a currency trader’s cabin at a market in Kinshasa, Democratic Republic of Congo.
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Congo’s FX Reserves Fuel Currency’s 29% Rally to No.1 Spot in Africa

A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing currency against the dollar alongside the cedi.

Currency notes wrapped in a currency trader’s cabin at a market in Kinshasa, Democratic Republic of Congo.
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