Congo central bank acts over falling currency and rising inflation

Democratic Republic of Congo's central bank said on Wednesday it has increased the percentage of deposits banks must keep with it and plans to intervene in foreign exchange markets to prop up the franc currency and contain accelerating inflation. In a statement, the central bank said it had raised mandatory reserve requirements for domestic banks from 10 to 13 percent for short-term deposits and from 9 to 12 percent for long-term deposits. It said the central bank would sell foreign currency on