It is mainly associated to country or zone democratic republic of congo kinshasazaire. Unlike in europe or the usa, there is almost no difference between the seasons. On 18 and 19 december 2005, a successful nationwide referendum was carried out on a draft constitution, which set the stage for elections in 2006. Congolese franc is the official currency of the democratic republic of the congo. Belgian congo currency, till 1962 congolese franc 100 centimes, 19621997 zaire 1. The central bank of the congo oversees the countrys banking system. It is bordered by five countries, one of which is the democratic republic of congo situated to the east of congo brazzaville. Congolese franc cdf to british pound gbp currency exchange rates how many congolese franc is a british pound. Salaries range from 64,700 cdf lowest average to 2,120,000 cdf highest average, actual maximum salary is higher. Use the tool below to convert cdf into any currency. The congolese franc is subdivided into 100 centimes singular.
Use the currency converter below to calculate the current exchange rate for the city of brazzaville. There are a few local banks in operation, with rawbank being the largest, and a number of foreign banks with a presence in the country, including trust merchant bank, standard bank and bank of africa. The congolese franc is the currency of the drc cdf but u. Currency of congo, the democratic republic of list of. The official currency of the democratic republic of congo is the central african cfa franc. The congolese franc is the currency of congo kinshasa. Congolese franc currency of congo kinshasa cdf california department of forestry and fire protection cdf comprehensive development framework cdf charles darwin foundation ecuador cdf the congolese franc is a sad little currency. Latest central bank of the democratic republic of congo articles on central banks policy, regulation. Our currency rankings show that the most popular united states dollar exchange rate is the usd to eur rate. The usdcdf spot exchange rate specifies how much one currency, the usd. Democratic republic of the congo minimum wage world minimum. In the democratic republic of the congo, as in all equatorial countries, there is a tropical climate. The local currency is the congolese franc but us dollars are widely used.
Salaries vary drastically between different careers. Its pegged to the euro at an unchanging rate of cfa655. Congo is a member of financial cooperation in central africa cooperation financiere en afrique centrale. This information was last updated on april 9, 2020 at 12. The southwest of the country is a coastal plain for which the primary drainage is the kouilouniari river. The currency of the republic of the congo is the congolese franc, the currency of the democratic republic is the comoros franc. The country is bordered by gabon and the atlantic ocean to the west, cameroon to the northwest, the central african republic to the northeast, the democratic republic of the congo to the east and south, and angolas exclave of cabinda to the southwest. Brazzaville is the capital of the republic of congo.
Democratic republic of the congolese franc currency. The last update to the mataf cdf currency converter is dated from monday, april 2020. Dr congo still uses the congolese franc as its official currency. Congolese franc 19992020 data 20212022 forecast quote. If you are traveling to brazzaville, you will need to exchange your currency for the congolese franc.
The national currency in drc, the congolese franc cdf, was created in 1997, replacing the zaire, the currency used by the country under the rule of mobutu sese seko. In the 19th century, the country had a thriving slavetrade business. Arab slave traders offered clothes, jewelry, beads, and cowrie shells to slave owners in exchange for slaves. Aug 01, 2017 the official currency of the democratic republic of congo is the central african cfa franc.
In addition to hosting rare species such as okapi, bonobo, lowland and mountain. The congolese franc is the currency of the democratic republic of the congo. Republic of the congo finance and trade britannica. The central bank of the democratic republic of congo called an emergency monetary policy committee meeting on february 23, as its currency continued to slide against the dollar. The capital, brazzaville, is located on the congo river, in the south of the country, immediately across from kinshasa, the capital of the democratic republic of the congo. The official currency of the democratic republic of the congo is the congolese franc. What is the currency of democratic republic of congo answers. The daylight hours vary little, and the temperature differences between summer and winter are also lesser. Democratic republic of the congo minimum wage world. If you are looking to purchase congolese banknotes, then please visit our store.
The currency code is cdf and currency symbol is fc, or fr. Avoid all international travel due to the global impact of covid19. Democratic republic of the congo resources and power. Congokinshasa francs, cdf is the national currency in democratic republic of congo drc. With 80 million hectares of arable land and over 1,100 listed minerals and precious metals, the drc has the potential to become one of the richest economies on the continent and a. Most vendors and banking institutions will accept only bills printed from 2010 or later. In 1908 belgium formally annexed the free state, which became the belgian congo. The currency name of congo, the democratic republic of is the congolese franc. The congolese franc cdf is the currency of democratic republic of congo. Democratic republic of congo moves to stabilise currency. More than 2,200 have died in the countrys worstever outbreak of the virus just two days before the outbreak of ebola in the democratic republic of congo. Democratic republic of the congo dollar exchange rate.
The franc remained congos currency after independence until 1967, when the zaire was introduced, at a rate of 1 zaire 1,000 francs. The democratic republic of congo has a vast amount of mineral and other natural resources. Congo kinshasa francs cdf is the national currency in democratic republic of congo drc. Currency converter the converter shows the conversion of 1 indian rupee to congolese franc as of sunday, 12 april 2020. Democratic republic of the congo international travel information.
Democratic republic of the congolese franc currency congo. Republique du congo, also known as congo brazzaville, the congo republic, west congo, the former french congo, or simply the congo, is a small central african country. The countrys main economic resource is its mineral deposits. Our currency rankings show that the most popular congokinshasa franc exchange rate is the usd to cdf rate. The democratic republic of congo s central bank plans to use the countrys updated mining law to buy dollars from mining companies in exchange. Democratic republic of congo drc currency converter gmt.
Enter the amount to convert at the top and choose a second currency. Copyright rules by territorydemocratic republic of. Money and costs in democratic republic of congo lonely. Central bank of the democratic republic of congo news and analysis articles central banking. What is the currency of the democratic republic of the congo. Democratic republic of the congo dollar exchange rate data. Politics of the democratic republic of congo take place in a framework of a republic in transition from a civil war to a semipresidential republic. Central bank of the democratic republic of congo news and. The currency used in brazzaville is the central african cfa franc. Money democratic republic of the congo travel advice. Our currency rankings show that the most popular congo kinshasa franc exchange rate is the usd to cdf rate. Currency converter choose currency and type the amount of money that you want to convert, to see the results below.
Banknote world offers congo currency for sale to collectors looking for a piece of congo. Republic of the congo republic of the congo finance and trade. Aug 07, 2017 the official currency of the democratic republic of the congo is the congolese franc. Democratic republic of the congo and republic of the congo are two different countries located in central africa in the late 15th century the congo river delta was a major commercial hub for trade. Us dollars should be in good condition and issued after 2001 or they will not be. Large shoowa textile raphia kuba democratic republic of congo. All figures are live midmarket rates, which are not available to consumers and are for informational purposes only. After the independence of the democratic republic of the congo in 1960, ruandaurundi adopted its own franc, whilst, between 1960 and 1963, katanga also issued a franc of its own. A person working in congo democratic republic typically earns around 478,000 cdf per month. The average value for democratic republic of the congo during that period was 234.
Currency code cdf is a 3 letter normalized code according to standard iso4217, the 2 first letters are the code of the issuing country, third letter is the initial of the currency. Free online currency conversion based on exchange rates. Money democratic republic of the congo travel advice gov. Congo uses the central african franc cfa, a stable currency also used by five other countries in the region. Money and costs in democratic republic of congo lonely planet. Historically, the congolese franc reached an all time high of 1715 in april of. There are a few local banks in operation, with rawbank being the largest, and a number of foreign banks with a presence in the country, including trust. Cdf is only used in congo kinshasa cdf currency in congo kinshasa is reflective of how the country is doing financially. For travellers, euros are the best currency to bring, though you can change us dollars and british pounds in brazzaville and.
Cdf just under one us dollar is currently the biggest bill commonly. Cdf just under one us dollar is currently the biggest bill commonly available. Congozaire banknotes congozair paper money catalog and. Cdf, is the currency of democratic republic of the congo. Cdf is the currency of democratic republic of congo. However, the most valuable resource that the drc possess is its large reserve of diamonds. Money and costs in republic of congo lonely planet. Although the central bank issued congolese franc coins, they are no longer in. This is a currency gallery page and some, most or even all of the banknotes. Democratic republic of the congo vs republic of the congo. You can use this calculator offline while travelling in democratic republic of the congo. Reconsider travel to the democratic republic of the congo drc due to crime, civil unrest, and ebola. Later it took the name zaire and then democratic republic of the congo. The democratic republic of the congo is a central african nation, and is also referred to as dr congo.
Most countries have a nationwide minimum wage that all workers must be paid. Democratic republic of the congo s minimum wage is the lowest amount a worker can be legally paid for his work. Democratic republic of congo drc africa geographic travel. The congolese franc also circulated in the countries of burundi and rwanda in 1916. Atm networks and which networks are readily accessible, and acceptability of travelers checks. Currency converter indian rupee inr to congolese franc. The republic of the congo currency is expected to trade at 614. Congo zaire kinshasa congo zaire banknotes congo zaire paper money catalog and congonese currency history.
Using this currency converter, you can find the latest exchange rate for the congolese franc and a calculator to convert from francs congo to dollars. That is the period when the inhabitants of the congo river delta first came into contact with europeans. Congo, democratic republic market overviewcongo dr market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. Dollar usd to congolese franc cdf currency converter. Large shoowa textile raphia kuba democratic republic of. The largest francophone country in africa, the democratic republic of congo drc, endowed with vast natural resources, has nearly 80 million inhabitants, fewer than 40% of whom live in urban areas. The franc is divided into 100 smaller portions called centimes. The local currency, the congolese franc cdf, is worthless outside of drc. Feb 29, 2020 the democratic republic of congos central bank plans to use the countrys updated mining law to buy dollars from mining companies in exchange for congolese francs to shore up dwindling foreign. The central bank of the congo is responsible for developing and maintaining the congolese franc, which serves as the primary form of currency in the democratic republic of the congo. Average salary in congo democratic republic 2020 the. Democratic republic of congo drc information safaris map.
Politics of the democratic republic of the congo wikipedia. There are no congolese franc coins for circulating use. There have been two different francs in the country, the first franc which was present from 18871967, and the second franc which is currently used and began circulation in 1997. The minimum wage in the democratic republic of the congo is 1,680 congolese francs per day for all workers. Preventing the export of conflict diamonds in the democratic. Congo, democratic republic currency money congo dr currency includes the local currency, other currencies commonly accepted and where, credit or debit cards accepted, access to atms that accept u. In a statement released by the bank, the committee noted the national currency had risen above 930 cdf per dollar for the first time. Salaries range from 64,700 cdf lowest average to 2,120,000 cdf highest average, actual maximum salary is higher this is the average monthly salary including housing, transport, and other benefits. Drc is a massive equatorial african country, stretching from the albertine rift highland forests in the east of the country, through the congo basin lowland forests and to the atlantic ocean in the west.
Congo kinshasa francs, cdf is the national currency in democratic republic of congo. The climate in the democratic republic of the congo in the democratic republic of the congo, as in all equatorial countries, there is a tropical climate. Below, youll find congolese franc rates and a currency converter. Republic of the congo currency 19952020 data 20212022. The belgian congo achieved independence on 30 june 1960 under the name republic of the congo, known as congo leopoldville to distinguish from the formerly french congo brazzaville. Democratic republic of the congo international travel. The country is very poor which is evident when you see how 1 us dollar is equal to 1,005 congolese francs. The official currency of the democratic republic of congo is the congolese franc cdf. Banking, money and taxes in democratic republic of congo. With 80 million hectares of arable land and over 1,100 listed minerals and precious metals, the drc has the potential to become. Preventing the export of conflict diamonds in the democratic republic of the congo the democratic republic of congo drc has large reserves of cobalt, gold, gems, copper, timber, and uranium.
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