Congo uses the central african franc cfa, a stable currency also used by five other countries in the region. The franc remained congos currency after independence until 1967, when the zaire was introduced, at a rate of 1 zaire 1,000 francs. Democratic republic of the congo resources and power. Brazzaville is the capital of the republic of congo. The countrys main economic resource is its mineral deposits. 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. Use the currency converter below to calculate the current exchange rate for the city of brazzaville. Located in central africa, the republic of the congo is spread out over an area of 342,000 square kilometres. Congozaire banknotes congozair paper money catalog and. It is bordered by five countries, one of which is the democratic republic of congo situated to the east of congo brazzaville. A person working in congo democratic republic typically earns around 478,000 cdf per month. The democratic republic of the congo is a central african nation, and is also referred to as dr congo. Banknote world offers congo currency for sale to collectors looking for a piece of congo. In the 19th century, the country had a thriving slavetrade business.
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. Congo kinshasa francs, cdf is the national currency in democratic republic of congo. Republic of the congo finance and trade britannica. The democratic republic of congo has a vast amount of mineral and other natural resources. Democratic republic of congo moves to stabilise currency. Democratic republic of congo drc information safaris map.
Central bank of the democratic republic of congo news and analysis articles central banking. With 80 million hectares of arable land and over 1,100 listed minerals and precious metals, the drc has the potential to become. Arab slave traders offered clothes, jewelry, beads, and cowrie shells to slave owners in exchange for slaves. 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. Money and costs in democratic republic of congo lonely. The currency of the republic of the congo is the congolese franc, the currency of the democratic republic is the comoros franc.
Cdf, is the currency of democratic republic of the congo. Politics of the democratic republic of the congo wikipedia. The usdcdf spot exchange rate specifies how much one currency, the usd. Copyright rules by territorydemocratic republic of. Aug 07, 2017 the official currency of the democratic republic of the congo is the congolese franc. The congolese franc is the currency of congo kinshasa. Salaries vary drastically between different careers. Democratic republic of congo drc currency converter what is the unit of money in democratic republic of congo drc.
Our currency rankings show that the most popular congokinshasa franc exchange rate is the usd to cdf rate. 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. Dr congo still uses the congolese franc as its official currency. Avoid all international travel due to the global impact of covid19. Money democratic republic of the congo travel advice. Large shoowa textile raphia kuba democratic republic of. In addition to hosting rare species such as okapi, bonobo, lowland and mountain.
Central bank of the democratic republic of congo news and. The currency name of congo, the democratic republic of is the congolese franc. This information was last updated on april 9, 2020 at 12. Enter the amount to convert at the top and choose a second currency. The central bank of the congo oversees the countrys banking system. The abundance of minerals in katanga province was among those factors that attracted european powers to congo in the 19th century. Money democratic republic of the congo travel advice gov. It is mainly associated to country or zone democratic republic of congo kinshasazaire. The local currency, the congolese franc cdf, is worthless outside of drc.
Cdf just under one us dollar is currently the biggest bill commonly available. Free online currency conversion based on exchange rates. Congolese franc 19992020 data 20212022 forecast quote. 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. The official currency of the democratic republic of the congo is the congolese franc. Historically, the congolese franc reached an all time high of 1715 in april of. The average value for democratic republic of the congo during that period was 234. Most countries have a nationwide minimum wage that all workers must be paid. Democratic republic of the congo vs republic of the congo.
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. Salaries range from 64,700 cdf lowest average to 2,120,000 cdf highest average, actual maximum salary is higher. Aug 01, 2017 the official currency of the democratic republic of congo is the central african cfa franc. Democratic republic of the congolese franc currency congo. Democratic republic of the congo dollar exchange rate data. Democratic republic of congo drc currency converter gmt. The official currency of the democratic republic of congo is the congolese franc cdf.
Democratic republic of the congo international travel information. If you are traveling to brazzaville, you will need to exchange your currency for the congolese franc. Currency of congo, the democratic republic of list of. That is the period when the inhabitants of the congo river delta first came into contact with europeans. However, the most valuable resource that the drc possess is its large reserve of diamonds. Large shoowa textile raphia kuba democratic republic of congo. If you are looking to purchase congolese banknotes, then please visit our store.
The democratic republic of congo s central bank plans to use the countrys updated mining law to buy dollars from mining companies in exchange. In the democratic republic of the congo, as in all equatorial countries, there is a tropical climate. 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. Cdf just under one us dollar is currently the biggest bill commonly. Preventing the export of conflict diamonds in the democratic. Republic of the congo currency 19952020 data 20212022. 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.
The congolese franc cdf is the currency of democratic republic of congo. Money and costs in republic of congo lonely planet. Congokinshasa francs, cdf is the national currency in democratic republic of congo drc. The currency code is cdf and currency symbol is fc, or fr. The minimum wage in the democratic republic of the congo is 1,680 congolese francs per day for all workers. Dollar usd to congolese franc cdf currency converter. The country is very poor which is evident when you see how 1 us dollar is equal to 1,005 congolese francs.
What is the currency of the democratic republic of the congo. 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 congolese franc also circulated in the countries of burundi and rwanda in 1916. There are no congolese franc coins for circulating use. Democratic republic of the congo s minimum wage is the lowest amount a worker can be legally paid for his work. All figures are live midmarket rates, which are not available to consumers and are for informational purposes only. The congolese franc is subdivided into 100 centimes singular.
Us dollars should be in good condition and issued after 2001 or they will not be. Democratic republic of the congo minimum wage world. Congolese franc is the official currency of the democratic republic of the 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. 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. 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. Democratic republic of the congo minimum wage world minimum. Democratic republic of the congo international travel. 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. Its pegged to the euro at an unchanging rate of cfa655.
Currency converter choose currency and type the amount of money that you want to convert, to see the results below. Democratic republic of the congo dollar exchange rate. Most vendors and banking institutions will accept only bills printed from 2010 or later. Democratic republic of the congo democratic republic of the congo resources and power. What is the currency of democratic republic of congo answers. In 1908 belgium formally annexed the free state, which became the belgian congo. Use the tool below to convert cdf into any currency. Banking, money and taxes in democratic republic of congo. In a statement released by the bank, the committee noted the national currency had risen above 930 cdf per dollar for the first time.
The currency used in brazzaville is the central african cfa franc. The republic of the congo currency is expected to trade at 614. Currency converter indian rupee inr to 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. 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. Unlike in europe or the usa, there is almost no difference between the seasons.
Although the central bank issued congolese franc coins, they are no longer in. Cdf is only used in congo kinshasa cdf currency in congo kinshasa is reflective of how the country is doing financially. 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. 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. The congolese franc is the currency of the democratic republic of the congo. 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. Our currency rankings show that the most popular congo kinshasa franc exchange rate is the usd to cdf rate. Below, youll find congolese franc rates and a currency converter. The franc is divided into 100 smaller portions called centimes. The daylight hours vary little, and the temperature differences between summer and winter are also lesser. Congo, democratic republic market overviewcongo dr market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. Atm networks and which networks are readily accessible, and acceptability of travelers checks. 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. 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.
Congo zaire kinshasa congo zaire banknotes congo zaire paper money catalog and congonese currency history. 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. Currency converter the converter shows the conversion of 1 indian rupee to congolese franc as of sunday, 12 april 2020. Congo is a member of financial cooperation in central africa cooperation financiere en afrique centrale. Congolese franc cdf to british pound gbp currency exchange rates how many congolese franc is a british pound. The last update to the mataf cdf currency converter is dated from monday, april 2020. The local currency is the congolese franc but us dollars are widely used. Democratic republic of congo drc africa geographic travel. You can use this calculator offline while travelling in democratic republic of the congo. Republic of the congo republic of the congo finance and trade. Money and costs in democratic republic of congo lonely planet.
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. Cdf is the currency of democratic republic of congo. 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. Congo kinshasa francs cdf is the national currency in democratic republic of congo drc. Belgian congo currency, till 1962 congolese franc 100 centimes, 19621997 zaire 1. The official currency of the democratic republic of congo is the central african cfa franc. Later it took the name zaire and then democratic republic of the congo. Democratic republic of the congolese franc currency. 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.
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