Congolese franc

This article is about the currency in the Democratic Republic of the Congo. For the Republic of Congo currency, see Central African CFA franc.

Congolese franc

franc congolais (in French)
ISO 4217
Code	CDF (numeric: 976)
Subunit	0.01
Unit
Symbol	FC‎
Denominations
Subunit
1/100	centime
Banknotes	1, 5, 10, 20, 50 centimes, 1, 5, 10, 20, 50, 100, 200, 500, 1,000, 2,000, 5,000, 10,000, 20,000 francs
Demographics
User(s)	Democratic Republic of the Congo Formerly: First Congolese Republic Belgian Congo Ruanda-Urundi Congo Free State
Issuance
Central bank	Central Bank of the Congo
Website	www.bcc.cd
Valuation
Inflation	41.5%
Source	The World Factbook, 2017 est.

The Congolese franc is the currency of the Democratic Republic of the Congo. It is subdivided into 100 centimes.

First franc, 1887–1967

Currency denominated in centimes and francs (Template:Lang-nl) was first introduced in 1887 for use in the Congo Free State (1885-1908). After the Free State's annexation by Belgium, the currency continued in the Belgian Congo. The francs were equal in value to the Belgian franc. From 1916, the Congolese franc also circulated in Ruanda-Urundi (present day Rwanda and Burundi) and, from 1952, the currency was issued jointly in the names of the Belgian Congo and Ruanda-Urundi. After the independence of the Democratic Republic of the Congo in 1960, Ruanda-Urundi adopted its own franc, whilst, between 1960 and 1963, Katanga also issued a franc of its own.

The franc remained Congo's currency after independence until 1967, when the zaïre was introduced, at a rate of 1 zaïre = 1,000 francs.

Coins

In 1887, holed, copper coins were introduced in denominations of 1, 2, 5 and 10 centimes, together with silver coins worth 50 centimes, and 1, 2, and 5 francs. Coins ceased to be minted of silver in 1896. Holed, cupro-nickel 5-, 10- and 20-centime coins were introduced in 1906, with the remaining copper coins (worth 1 and 2 centimes) minted until 1919. Cupro-nickel 50-centime and 1-franc coins were introduced in 1921 and 1920, respectively.

The coinage of Belgian Congo ceased in 1929, only to be resumed in 1936 and 1937 for the issue of nickel-bronze 5-franc coins. In 1943, hexagonal, brass 2-franc coins were introduced, followed by round, brass coins worth 1, 2 and 5 francs, and silver 50-franc coins, between 1944 and 1947.

In 1952, brass 5-franc coins were issued carrying the name "Ruanda-Urundi" for the first time.

Aluminum coins worth 50 centimes, 1 and 5 francs followed between 1954 and 1957. In 1965, the only franc-denominated coins of the first Democratic Republic of Congo were issued, aluminum coins worth 10 francs.

As with Belgium's own coins, some types were issued in two distinct versions, one with French legends, the other with Dutch legends.

Banknotes

500 francs, issued by the Bank of the Belgian Congo, 1943 (obverse and reverse)

In 1896 the Independent State of Congo issued 10 and 100 franc notes. In 1912, the Bank of Belgian Congo introduced 20 and 1000 francs, followed by notes of 1, 5 and 100 franc notes in 1914. The 1-franc notes were only printed until 1920, whilst 10 franc notes were introduced in 1937. 500 francs were introduced in the 1940s, with 10,000 francs introduced in 1942.

In 1952, the Central Bank of Belgian Congo and Ruanda-Urundi introduced notes for 5, 10, 20, 50 and 100 francs, with 500 and 1000 francs added in 1953.

In 1961, the National Bank of Congo introduced notes for 20, 50, 100, 500 and 1000 francs, some of which were issued until 1964. In 1962, the Monetary Council of the Republic of Congo introduced 1000 franc notes, which were notes of the Central Bank of Belgian Congo and Ruanda-Urundi overprinted with the Monetary Council's name. In 1963, the Monetary Council issued regular type 100 and 5000 franc notes.

Second franc, 1997–

The franc was re-established in 1997, replacing the new zaïre at a rate of 1 franc = 100,000 new zaïres. This was equivalent to 300,000,000,000,000 old francs.

Coins

Coins were never issued as even fractional units of 1, 5, 10, 20 and 50 centimes were issued in banknote form only.

Banknotes

On the 30th of June 1998, banknotes were introduced in denominations of 1, 5, 10, 20 and 50 centimes, 1, 5, 10, 20, 50 and 100 francs, though all are dated 01.11.1997. 200-franc notes were introduced in 2000, followed by 500-franc notes in 2002. As of July 2018, the only negotiable instrument in circulation in the Democratic Republic of the Congo are banknotes of 10, 20, 50, 100, 200, 500, 1,000, 5,000, 10,000 and 20,000 francs. Meanwhile, merchants in Kinshasa remain skeptical about the 5,000-franc note due to what has been described as a spate of counterfeiting of this denomination, but which is also suspected to be an irregular or unauthorised issue of the genuine note, bearing the serial number suffix C.

In 2010, Banque Centrale du Congo issued 20 million 500 franc banknotes to commemorate the country's 50th anniversary of independence from Belgium.

On July 2, 2012, the Banque Centrale du Congo issued new banknotes in denominations of 1,000, 5,000, 10,000 and 20,000 francs.

As of July 2018, the smallest note in regular use is 50 francs. Smaller denomination notes are rarely used.

Banknotes of the Congolese franc (01.11.1997 issue)
Image	Value	Main color	Obverse	Reverse	Watermark
[1]	1 centime	Deep olive-green, violet and dark brown	Coffee harvest	Nyiragongo volcano	Single Okapi head or multiple Okapi heads repeated vertically
[2]	5 centimes	Purple	Suku mask	Zande harp	Single Okapi head or multiple Okapi heads repeated vertically
[3]	10 centimes	Red-violet and dark-brown	Pende mask	Pende dancers	Single Okapi head or multiple Okapi heads repeated vertically
[4]	20 centimes	Blue-green and black	Antelope	Upemba National Park	Single Okapi head or multiple Okapi heads repeated vertically
[5]	50 centimes	Dark brown and brown	Okapi	Okapis at Epulu Okapi Reserve	Single Okapi head or multiple Okapi heads repeated vertically
[6]	1 franc	Deep purple and blue-violet	Gécamines' copper smelting complex	Patrice Lumumba with his comrades after his capture	Single Okapi head or multiple Okapi heads repeated vertically
[7]	5 francs	Purple and black	Rhinoceros, Garamba National Park	Kamwanga falls	Single Okapi head or multiple Okapi heads repeated vertically
[8]	10 francs	Red-violet	Luba carving "Tête-à-Tête"	Luba carving	Single Okapi head or multiple Okapi heads repeated vertically
[9]	20 francs	Brown-orange and red-orange	Lion, Kundelongu Park	Lioness with her cubs, Kundelongu Park	Single Okapi head or multiple Okapi heads repeated vertically
[10]	50 francs	Blue-Purple	Tshokwe mask "Mwana Pwo"	Fishermen's village along the Congo River	Single Okapi head or multiple Okapi heads repeated vertically
[11]	100 francs	Red	Elephant, Virunga National Park	"Inga II" hydroelectric dam	Single Okapi head or multiple Okapi heads repeated vertically

Banknotes of the Congolese franc (04.01.2000 issue)
Image	Value	Main color	Obverse	Reverse	Watermark
	50 francs	Lilac-brown	Tshokwe mask "Mwana Pwo"	Fishermen's village along the Congo River	Single Okapi head or multiple Okapi heads repeated vertically
	100 francs	Slate blue	Elephant, Virunga National Park	"Inga II" hydroelectric dam	Single Okapi head or multiple Okapi heads repeated vertically

Banknotes of the Congolese franc (30.06.2000 & 04.01.2002 (2003) issues)
Image	Value	Main color	Obverse	Reverse	Watermark
[12]	200 francs	Lilac and olive-green	Fieldwork	Drummers	Single Okapi head or multiple Okapi heads repeated vertically
[13]	500 francs	Blue	Diamond exploitation	Diamond exploitation, Etroite Valley	Single Okapi head or multiple Okapi heads repeated vertically

Banknotes of the Congolese franc (02.02.2005 & 18.02.2006 (2012) issues)
Image	Value	Main color	Obverse	Reverse	Watermark
[14]	1000 francs	Green	Okapi, Kanioka box	Grey parrot; yellow corn	Okapi and electrotype 1000
[15]	5000 francs	Brown	Zebras; Hemba statuette	Bowl; bundles of maniok; two helmeted guineafowl	Okapi and electrotype 5000
[16]	10,000 francs	Violet	Two water buffalos; carved statuette	Bird on a branch; banana trees	Okapi and electrotype 10,000
[17]	20,000 francs	Yellow	Giraffes; carved head "Bashilele"	Palm trees; date clusters; two gray crowned crane (Balearica regulorum) birds	Leopard head and electrotype 20,000

Current CDF exchange rates
From Google Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR
From Yahoo! Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR
From XE.com:	AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR
From OANDA:	AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR

See also

• Economy of the Democratic Republic of the Congo

References

• Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
• Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

External links

• Zaire currency from country data.com
• Histoire de la monnaie au Congo. Banque Centrale du Congo