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Congolese Franc

   Also found in: Acronyms, Wikipedia 0.01 sec.
Congolese Franc
The currency of the Democratic Republic of the Congo (not to be confused with the Republic of the Congo). It was introduced in 1997, replacing the new zaire when the country changed its name from Zaire. The currency in circulation consists exclusively of paper notes. No coins ever circulated, even though a few were designed and sold to collectors.


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The Congolese franc has lost almost 30 percent of its value since the end of December 2008, leading to an increase of almost 20 percent in the price of basic necessities and of petrol at the pump.
The Congolese Franc has lost 44% against the US Dollar compared to July 2008.
The Congolese Franc has lost 44% against the US Dollar compared to July 2008.
 
 
 
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