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Geopolitics

Killing the Dollar Softly In The Democratic Republic of Congo

Top Congolese leaders say it's time the DRC got off the US currency and returned to the local franc. But ending "dollarization" comes with risks if not done properly.

Congo's Central Bank President Jean-Claude Masangu Mulongo
Congo's Central Bank President Jean-Claude Masangu Mulongo
Raoul Biletshi

KINSHASA - The Democratic Republic of Congo is one of several countries, both in Africa and elsewhere in the developing world, that uses the U.S. dollar as its de facto national currency. But is it time to put an end to "dollarization"?

The DRC government now says it wants to phase out the dollar, to be replaced with local Congolese francs in all financial transactions. Prompted by a four-month spurt of economic growth, the government is convinced that it is time to begin a reform, which it assures will be meticulously overseen by the monetary authority.

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Society

Urban Indigenous: How Peru's Shipibo-Conibo Keep Amazon Culture Alive In The City

For four years, indigenous photographer David Díaz Gonzales has documented the lives and movements of his Shipibo-Conibo community, as many of them migrated from their native Peruvian Amazon to the city. A work of remembrance and resistance.

For Shipibo-Conibo women, sporting a fringe is usually a sign of celebration or ceremony.

Rosa Chávez Yacila

YARINACOCHA — It was decades ago when the Shipibo-Conibo left their settlements along the banks of the Ucayali River, in eastern Peru, to begin a great migration to the cities. Still among the largest Amazonian communities in Peru — 32,964 according to the Ministry of Culture — though most Shipibo-Conibo now live in the urban district of Yarinacocha.

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