Congolese franc

1 EUR = 1,277.19 CDF 100 CDF = 0.0783 EUR

1 CHF = 1043.88 CDF 100 CDF = 0.0958 CHF

The Congolese franc is the currency of the Democratic Republic of Congo. He is not to be confused with the currency of the Republic of Congo, the CFA franc, and their former temporary currency, which was also referred to as " Congolese franc ".

Banknotes exist in the denominations of 1, 5, 10, 20, 50, 100, 200 and 500 francs. Coins in the denominations of 1, 5, 10, 20 and 50 centimes were minted for collectors, however, are not in circulation.

First franc, 1887-1967

Belgian Congo had been in colonial times its own coins and notes following the example of Belgian francs. The value of a Congolese franc was 0.418422 grams of fine gold and was set equal to the value of a Belgian francs. As a result of the Great Depression in the 1930s, the value was reduced to 0.0301264 gram of fine gold for a franc.

On November 4, 1908 the Belgian Congo was included in the Latin Monetary Union and expended in the subsequent period coins under the provisions of the Union. From 1916 the Congolese franc de facto tender in the Belgian territories of German East Africa, which became the mandated territory of Ruanda- Urundi from 1919. From 1927 to 1952, the Banque du Congo Belge participated as underwriter performs the role of a central bank, then was up to the independence of the Congo, the Banque Centrale du Congo Belge et du Rwanda et du Urundi responsible for the issue of notes and coins.

After independence in 1960 was maintained initially at the old denomination. 1967, the franc was replaced by the Zaïre in a ratio of 1,000:1.

Due to the high inflation of the 1993 Nouveau Zaire was introduced; He replaced the old Zaire in the ratio of 1:3.000.000.

Second Franc, 1997 -present

In 1993, the Nouveau Zaire was introduced to the value of three million old Zaïres. 1997, when the country's name from Zaire moved back to Democratic Republic of Congo, the currency was again the name Francesco. The exchange took place at the rate of 100,000 Nouveaux Zaïres = 1 franc.