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BCC to introduce Bloomberg FXGO in bid to improve FX price transparency

BCC to introduce Bloomberg FXGO in bid to improve FX price transparency

The Central Bank of the Congo (BCC) said it will launch Bloomberg FXGO DRC, an electronic foreign exchange trading platform developed by Bloomberg to organize interbank FX trading. The system is expected to go live within two months, according to a BCC statement.

On Feb. 24, 2026, Governor André Wameso met with representatives of Bloomberg UK and commercial banks operating in the Democratic Republic of Congo to review progress on the project. The meeting included a presentation of the B-Match module, an anonymous order book designed to match buy and sell orders.

The BCC said a six-week beta phase is underway, during which participating banks are testing the system’s robustness, reliability and performance before its full rollout.

In its final configuration, the platform will include real-time monitoring tools, giving the central bank greater oversight of transactions and improved visibility into price formation. The stated aim is to enhance market transparency and support financial stability.

Globally, Bloomberg FXGO provides continuous foreign exchange trading and request-for-quote (RFQ) services covering spot transactions and a range of derivatives, according to the company. The BCC has not specified which features will be introduced in Congo, but it emphasized that interbank trading will be organized through the B-Match module.

In an interview with Radio Top Congo in October 2025, Wameso said the initiative seeks to address dysfunctions in the foreign exchange market, including wide disparities in quoted rates and limited transparency in price discovery between buyers and sellers.

He said connecting commercial banks to the Bloomberg platform should lead to more consistent pricing and more efficient rate formation for market participants.

Ronsard Luabeya

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