Congolese Franc

(redirected from Franc Congolais)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
They began plying their trade only a few months ago when the local currency, the Franc Congolais, or Congolese franc, began to depreciate substantially against their dollar.