About: http://data.cimple.eu/news-article/2e940addc641283010652206a02e08a4b3c525c3fde611c5d14b2235

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About: http://data.cimple.eu/news-article/2e940addc641283010652206a02e08a4b3c525c3fde611c5d14b2235 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The DR Congo's central bank governor on Thursday threatened to take five percent of phone operators' revenues if they continue to overcharge customers by using inflated exchange rates. Deogratias Mutombo said phone operators in the vast central African country demand rates as high as 2,300 Congolese francs per US dollar when customers add credit on their cell phones. Many Congolese prefer to pay in dollars, the de facto currency of reference, but when they pay in the local currency the official rate is much lower -- it stood at 1,971 francs per dollar on Thursday. Unofficial exchange shops charge a minimum of 2,030 francs per dollar, and the gap with the official rate has helped trigger inflation of 14 percent for goods and services, according to the latest central bank statistics. "The central bank reserves the right to sanction anyone who works to manipulate the exchange rate. For telecoms firms, the penalty is five percent of their revenues from the preceding year," Mutombo said. Vodacom, part of Britain's Vodafone, currently charges 2,050 francs per dollar, while Orange uses a rate of 2,055. Vodacom and Orange are among four leading phone operators in DRC along with Airtel, part of the Indian group Bharti, and Africell. There are some 30 million subscribers in the country of 84 million. bmb/mbb/er/gd
schema:headline	DRCongo phone companies threatened over exchange rates
schema:mentions	Vodafone Dominican Republic Exchange rate Orange S.A. Bharti Airtel Democratic Republic of the Congo Inflation Currency United States dollar De facto currency Africell Messerschmitt Bank reserves
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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