While reading this article, I was wondering about the policies the DRC's government could employ to make the congolese franc appreciate. To appreciate the currency, the DRC by decreased investment in the mining sector which decreased the supply of the currency -> Appreciation. On the other hand, the decrease in investment caused inflation to happen, countering the original beneficial effects of this policy.
My question is: what would the implications be if the DRC simply pegged its value to the dollar or revalued it? Why hasn't it done that?- there must be reasons...
I am learning high-school economics so pardon my limited knowledge.
I look forward to your answers!