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Foreign Minister Dr. A.K. Abdul Momen addressing at a programme at Sylhet Sadar Upazila yesterday.

28 Jan 2021, 12:00 am0

Slumping currency fuels inflation fears in DR Congo

AFP, Kinshasa :Emilie Kapinga, a 60-year-old fishmonger in a Kinshasa market, now works all day for a pittance.At her wholesaler, “10 kilogrammes (22 pounds) of fish have gone up from 30,000 to 45,000, even 50,000 Congolese francs,” she said.“A fish that I used to sell for 1,000 francs costs 3,000 today,” she said. “Profit margins are being eaten away by the dollar rate.”Since mid-July, the Congolese franc has slumped against the US dollar, stoking fear and uncertainty in everyday transactions.The...

6 Aug 2020, 12:00 am