After the observed rise in the Ugandan Shilling rate on the market in Mahagi territory located more than 180km north of Bunia, local civil society is calling for an end to the use of this foreign currency on Congolese soil.
According to Anican Tengo of this civic structure, the instability of the Shilling by money changers who have set fanciful rates for two months has negatively impacted the prices of essential goods in this country.
"The money changers set the rate at 60,000 FC per 100,000 Ugandan Shillings, which is exorbitant," notes this actor from civil society.
For him, the authorities must be able to suspend the circulation of this Ugandan currency on Congolese soil.
"We ask the authorities to intervene so that the money changers can go and settle at the border and wait until the passengers who go to Uganda can buy the Shillings there and those who return to the Congo can change the Shillings with the Congolese Francs "explains Mr. Tengo .
In Mahagi and many other localities along the Ugandan-Congolese border, foreign currency is used for market transactions.
Congolese Francs are completely ignored, since the DRC produces almost nothing to sell to Ugandans.
All the manufactured products consumed on the spot come from Uganda and the sellers demand from the Congolese buyers the Shillings, which causes the Congolese currency to lose all value.
According to Anican Tengo of this civic structure, the instability of the Shilling by money changers who have set fanciful rates for two months has negatively impacted the prices of essential goods in this country.
"The money changers set the rate at 60,000 FC per 100,000 Ugandan Shillings, which is exorbitant," notes this actor from civil society.
For him, the authorities must be able to suspend the circulation of this Ugandan currency on Congolese soil.
"We ask the authorities to intervene so that the money changers can go and settle at the border and wait until the passengers who go to Uganda can buy the Shillings there and those who return to the Congo can change the Shillings with the Congolese Francs "explains Mr. Tengo .
In Mahagi and many other localities along the Ugandan-Congolese border, foreign currency is used for market transactions.
Congolese Francs are completely ignored, since the DRC produces almost nothing to sell to Ugandans.
All the manufactured products consumed on the spot come from Uganda and the sellers demand from the Congolese buyers the Shillings, which causes the Congolese currency to lose all value.
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