Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo
The legal framework of the Congolese exchange rate regulation has the advantage of taking into account the policy of de-dollarization of the economy by imposing payments of transactions between residents, the rights due to the State, to decentralized territorial entities as well as public services e...
Published in: | Recht in Afrika |
---|---|
Main Authors: | , |
Format: | Article in Journal/Newspaper |
Language: | German English French |
Published: |
Nomos Verlagsgesellschaft mbH & Co. KG
2022
|
Subjects: | |
Online Access: | https://doi.org/10.5771/2363-6270-2021-2-159 https://doaj.org/article/85e8402e18e94c4a877a3fe6953c650c |
id |
ftdoajarticles:oai:doaj.org/article:85e8402e18e94c4a877a3fe6953c650c |
---|---|
record_format |
openpolar |
spelling |
ftdoajarticles:oai:doaj.org/article:85e8402e18e94c4a877a3fe6953c650c 2023-05-15T14:13:33+02:00 Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo Ursil Lelo Di-Makungu Junior-Jackson Bosakelia Lokwa 2022-06-01T00:00:00Z https://doi.org/10.5771/2363-6270-2021-2-159 https://doaj.org/article/85e8402e18e94c4a877a3fe6953c650c DE EN FR ger eng fre Nomos Verlagsgesellschaft mbH & Co. KG https://www.nomos-elibrary.de/10.5771/2363-6270-2021-2-159 https://doaj.org/toc/2363-6270 2363-6270 doi:10.5771/2363-6270-2021-2-159 https://doaj.org/article/85e8402e18e94c4a877a3fe6953c650c Recht in Afrika, Vol 24, Iss 2, Pp 159-182 (2022) Asia and Eurasia Africa Pacific Area and Antarctica KL-KWX article 2022 ftdoajarticles https://doi.org/10.5771/2363-6270-2021-2-159 2023-03-19T01:29:27Z The legal framework of the Congolese exchange rate regulation has the advantage of taking into account the policy of de-dollarization of the economy by imposing payments of transactions between residents, the rights due to the State, to decentralized territorial entities as well as public services exclusively in national currency, namely the “Congolese Franc”. However, the study shows that it is the legal framework of foreign exchange regulation that is at the root of the Congolese economic disaster insofar as it enshrines multiple monetary competition of foreign currencies on the national territory through the liberalization of their holding and use. Therefore, it is obvious that this legal framework of the exchange rate regulation augurs the negative foreignness of the national economy and does not impact positively on the economic integration of the country. Indeed, the multiple monetary competition on the national territory negatively affects the balance of payment, and consequently does not allow the country to draw the dividends of economic integration. A profound reform of the aforementioned legal framework is necessary in order to ineluctably curb this negative foreignness. In pursuit of this matter, joining a monetary union is a good way to translate this negative foreignness into positive foreignness thanks to the co-ownership of the monetary sovereignty of the States parties on the one hand, and on the other hand, it will provide the country with an efficient payment system. Article in Journal/Newspaper Antarc* Antarctica Directory of Open Access Journals: DOAJ Articles Pacific Recht in Afrika 24 2 159 182 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
German English French |
topic |
Asia and Eurasia Africa Pacific Area and Antarctica KL-KWX |
spellingShingle |
Asia and Eurasia Africa Pacific Area and Antarctica KL-KWX Ursil Lelo Di-Makungu Junior-Jackson Bosakelia Lokwa Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
topic_facet |
Asia and Eurasia Africa Pacific Area and Antarctica KL-KWX |
description |
The legal framework of the Congolese exchange rate regulation has the advantage of taking into account the policy of de-dollarization of the economy by imposing payments of transactions between residents, the rights due to the State, to decentralized territorial entities as well as public services exclusively in national currency, namely the “Congolese Franc”. However, the study shows that it is the legal framework of foreign exchange regulation that is at the root of the Congolese economic disaster insofar as it enshrines multiple monetary competition of foreign currencies on the national territory through the liberalization of their holding and use. Therefore, it is obvious that this legal framework of the exchange rate regulation augurs the negative foreignness of the national economy and does not impact positively on the economic integration of the country. Indeed, the multiple monetary competition on the national territory negatively affects the balance of payment, and consequently does not allow the country to draw the dividends of economic integration. A profound reform of the aforementioned legal framework is necessary in order to ineluctably curb this negative foreignness. In pursuit of this matter, joining a monetary union is a good way to translate this negative foreignness into positive foreignness thanks to the co-ownership of the monetary sovereignty of the States parties on the one hand, and on the other hand, it will provide the country with an efficient payment system. |
format |
Article in Journal/Newspaper |
author |
Ursil Lelo Di-Makungu Junior-Jackson Bosakelia Lokwa |
author_facet |
Ursil Lelo Di-Makungu Junior-Jackson Bosakelia Lokwa |
author_sort |
Ursil Lelo Di-Makungu |
title |
Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
title_short |
Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
title_full |
Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
title_fullStr |
Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
title_full_unstemmed |
Cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la République Démocratique du Congo |
title_sort |
cadre juridique de la règlementation de change à l’épreuve de l’intégration économique de la république démocratique du congo |
publisher |
Nomos Verlagsgesellschaft mbH & Co. KG |
publishDate |
2022 |
url |
https://doi.org/10.5771/2363-6270-2021-2-159 https://doaj.org/article/85e8402e18e94c4a877a3fe6953c650c |
geographic |
Pacific |
geographic_facet |
Pacific |
genre |
Antarc* Antarctica |
genre_facet |
Antarc* Antarctica |
op_source |
Recht in Afrika, Vol 24, Iss 2, Pp 159-182 (2022) |
op_relation |
https://www.nomos-elibrary.de/10.5771/2363-6270-2021-2-159 https://doaj.org/toc/2363-6270 2363-6270 doi:10.5771/2363-6270-2021-2-159 https://doaj.org/article/85e8402e18e94c4a877a3fe6953c650c |
op_doi |
https://doi.org/10.5771/2363-6270-2021-2-159 |
container_title |
Recht in Afrika |
container_volume |
24 |
container_issue |
2 |
container_start_page |
159 |
op_container_end_page |
182 |
_version_ |
1766286002447450112 |