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Democratic Republic Of The Congolese franc currency | Congo Bank Notes
Democratic Republic Of The Congolese franc Currency:
Congolese franc is the official currency of the Democratic Republic of the Congo. It is subdivided into 100 centimes. First franc was introduced in 1887. The Congolese Franc also circulated in the countries of Burundi and Rwanda in 1916. Later in 1960, Burundi and Rwanda issued their own currency. After the Congo declared independence in 1967 and the Franc was replaced with the Zaire at rate of 1,000 Francs = 1 Zaire. Later in 1997, the Franc was re-introduced, replaced the new Zaire the exchange rate of 1 franc = 100,000 new zaires.
Due to hyperinflation the coins which were minted during the issue of the first series of Congolese franc have lost their practical significance and they are no longer in usage. Hence, the necessity for issuing further coins did not arise during the release of second issue of Congolese franc. The presently circulating currency is issued by Central Bank of the Congo in the denominations of 1, 5, 10, 20, 50 centimes, 1, 5, 10, 20, 50, 100, 200, 500, 1000, 5000, 10,000, 20,000 francs.
Democratic Republic Of The Congolese Franc (Congo):
1, 5, 10, 20, 50 centimes, 1, 5, 10, 20, 50, 100, 200, 500, 1000, 5000, 10,000, 20,000 francs
Central Bank of the Congo