Democratic Republic of the Congo member of OHADA
Economy
The Central Bank of the Congo is responsible for developing and maintaining the Congolese franc, which serves as the primary form of currency in the Democratic Republic of the Congo. In 2007, The World Bank decided to grant the Democratic Republic of Congo up to $1.3 billion in assistance funds over the following three years. The Congolese government started negotiating membership in the Organization for the Harmonization of Business Law in Africa (OHADA), in 2009.The DRC is widely considered one of the world's richest countries in natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of US$24 trillion. The DRC has 70% of the world's coltan, a third of its cobalt, more than 30% of its diamond reserves, and a tenth of its copper.Despite such vast mineral wealth, the economy of the Democratic Republic of the Congo has declined drastically since the mid-1980s. The DRC generated up to 70% of its export revenue from minerals in the 1970s and 1980s and was particularly hit when resource prices deteriorated at that time. By 2005, 90% of the DRC's revenues derived from its minerals. Congolese citizens are among the poorest people on Earth. DR Congo consistently has the lowest, or nearly the lowest, nominal GDP per capita in the world. The DRC is also one of the twenty lowest-ranked countries on the Corruption Perceptions Index.
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