Nature et spécificité de la dollarisation de l'économie congolaise (RDC)

Kola Lendele and Joseph Kamanda Kimona-Mbinga

Mondes en développement, 2005, vol. 130, issue 2, 41-62

Abstract: Dollarization is a process experienced by some countries whereby the high level of inflation rates prompt the resident to use a foreign stable currency. Dollarization is widespread among developing countries that are subject to hyperinflation. In these countries, the weakened national currency loses at least one of its traditional three functions. Full dollarization is a specific case observed in some countries where the governments decide to replace the local currency by the US dollar. However, in most cases, dollarization is incomplete as the local currency is used along with the foreign currencies. The Democratic Republic of the Congo (D.R.C) is among the last cases. The Congo experienced several episodes of hyperinflation in the 1990s. The paper develops an analysis on the nature and the specificity of dollarization in the Congo.

Keywords: Dollarization; "Dedollarization process"; Congo (Democratic Republic of); Exchange Rates; Inflation Rates; Hyperinflation; Overshooting; Parallel Market (search for similar items in EconPapers)
Date: 2005
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