Friday, 01 June 2007

Congolese Franc Rises 12% Versus Dollar Since February After IMF Warning

(Bloomberg) -- The Democratic Republic of Congo said
the franc rose 12 percent against the U.S. dollar in the three
months ended in May, following criticism of the nation's fiscal
policies by the International Monetary Fund.

The Congolese franc traded at 494 to the dollar on May 30,
compared with 562 to the dollar at the end of February, Jean-
Claude Masangu, Congro's Central Bank governor, said in a
statement issued today in the capital, Kinshasa.


Read more at Bloomberg Currencies News

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