About the Congolese Franc
The Congolese Franc was reintroduced in 1997, replacing the New Zaire which had been subject to hyperinflation during the First Congo War.
The name 'Franc' is a legacy of Belgian colonial rule and the Belgian Franc.
Interesting Facts
A History of Instability
The currency of the DRC has been changed multiple times due to extreme political instability and hyperinflation, from franc to zaire and back to franc.
Rich in Natural Resources
The DRC is incredibly rich in minerals like cobalt, copper, and diamonds, yet the value of its currency has been hampered by conflict and corruption.
Okapi Wildlife Reserve
Some banknotes feature the Okapi, a unique giraffe-like mammal native to the DRC, and the Okapi Wildlife Reserve, a UNESCO World Heritage site.
Historical Timeline
The Congolese Franc is first introduced in the Congo Free State.
The Zaire is introduced, replacing the franc.
The New Zaire is introduced due to hyperinflation.
The Franc is reintroduced, replacing the New Zaire.
Denominations
Banknotes
Security Features
Quick Facts
- ISO Code
- CDF
- Symbol
- FC
- Numeric Code
- 976
- Subunit
- Centime (1/100)
- Introduced
- 1997-06-30
Central Bank
- Name
- Central Bank of Congo
- Headquarters
- Kinshasa, DR Congo
- Founded
- 1964
- Current Governor
- Malangu Kabedi Mbuyi (since 2021)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 23.4%
- Interest Rate
- 25.0%
Exchange Rates
What Affects the CDF Exchange Rate?
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