#EntreprisesPubliques Democratic Republic of the Congo, the payment of salary arrears by certain public enterprises in US dollars is generating increasing debate. While the Central Bank of Congo, abbreviated BCC, strongly encourages transactions in local currency, the Congolese franc "CDF", to stabilize the economy and strengthen national liquidity, some companies continue to pay salaries in foreign currencies.
#MonnaieLocale This situation takes on a particular dimension in the current context: the exchange rate of the dollar has experienced a significant decrease, dropping from 2800 CDF to 2130 CDF for 1 USD. This variation directly impacts the real cost of salaries for companies, and by extension, the purchasing power of employees who receive their income in foreign currencies.
Several reasons may explain this choice of public enterprises:
1. Perceived stability of the foreign currency: some managers consider the dollar a safe haven against inflation of the Congolese franc.
2. Contractual obligations: some employees may have been hired with clauses for payment in foreign currency.
3. Attraction and retention of qualified personnel: a salary in dollars may be perceived as more attractive, especially for technical and administrative executives.
It should be noted that the reasons outlined in points 2 and 3 are valid only because no contracts currently include such clauses in almost all public enterprises and the desertion of these by technical and administrative executives in favor of private companies.
#SalairesRDC However, this practice raises important questions as it may increase pressure on foreign currency reserves, complicate the financial management of the company, and create a gap between national monetary policy and wage practices.
#BinanceSquare The dilemma remains for public enterprises, on the one hand, to reconcile national economic stability, respect for contractual obligations, and, on the other hand, employee satisfaction in a context of significant monetary fluctuations.$BTC
