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- Title
Rising Inflation.
- Abstract
The article offers information about the rising inflation rate in Democratic Republic of Congo. The said republic has risen the key interest rates and minimum reserve requirements for commercial banking. The action is to repel the rising inflation. The interest rate on short-term loans and permanent facility loans have risen according to Jean-Claude Masangu. To fight the increase in inflation,the central bank have increased the minimum deposit requirements. It is said that the country had been destructed under the rule of Mobutu Sese Seko. However, upon the won of Joseph Kabila in the presidency, he is expected to save the country.
- Subjects
CONGO (Democratic Republic); PRICE inflation; EFFECT of inflation on the banking industry; CENTRAL banking industry; RESERVE requirements; MOBUTU Sese Seko, 1930-1997; KABILA, Joseph, 1971-; LOANS; ECONOMIC history
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2007, Vol 44, Issue 12, p17664
- ISSN
2053-227X
- Publication type
Article