What is CDF currency
The Congolese franc is the currency of the Democratic Republic of the Congo. It is subdivided into 100 centimes. However, centimes no longer have a practical value and are no longer used. In April 2022, 2,000 francs was equivalent to $1 USD.
CDF Coins
In 1887, holed, copper coins were introduced in denominations of 1, 2, 5 and 10 centimes, together with silver coins worth 50 centimes, and 1, 2, and 5 francs. Coins ceased to be minted in silver in 1896. Holed, cupro-nickel 5-, 10- and 20-centime coins were introduced in 1906, with the remaining copper coins (worth 1 and 2 centimes) minted until 1919. Cupro-nickel 50-centime and 1-franc coins were introduced in 1921 and 1920, respectively.
The coinage of Belgian Congo ceased in 1929, only to be resumed in 1936 and 1937 for the issue of nickel-bronze 5-franc coins. In 1943, hexagonal, brass 2-franc coins were introduced, followed by round, brass coins worth 1, 2 and 5 francs, and silver 50-franc coins, between 1944 and 1947.
In 1952, brass 5-franc coins were issued carrying the name “Ruanda-Urundi” for the first time.[1]
Aluminum coins worth 50 centimes, 1 and 5 francs followed between 1954 and 1957. In 1965, the only franc-denominated coins of the first Democratic Republic of Congo were issued, aluminum coins worth 10 francs.
As with Belgium’s own coins, some types were issued in two distinct versions, one with French legends, the other with Dutch legends.
Coins were never issued as even fractional units of 1, 5, 10, 20 and 50 centimes were issued in banknote form only.
CDF Banknotes
In 1896 the Independent State of Congo issued 10 and 100 franc notes. In 1912, the Bank of Belgian Congo introduced 20 and 1000 francs, followed by notes of 1, 5 and 100 franc notes in 1914. The 1-franc notes were only printed until 1920, whilst 10 franc notes were introduced in 1937. 500 francs were introduced in the 1940s, with 10,000 francs introduced in 1942.
In 1952, the Central Bank of Belgian Congo and Ruanda-Urundi introduced notes for 5, 10, 20, 50 and 100 francs, with 500 and 1000 francs added in 1953.
In 1961, the National Bank of Congo introduced notes for 20, 50, 100, 500 and 1000 francs, some of which were issued until 1964. In 1962, the Monetary Council of the Republic of Congo introduced 1000 franc notes, which were notes of the Central Bank of Belgian Congo and Ruanda-Urundi overprinted with the Monetary Council’s name. In 1963, the Monetary Council issued regular type 100 and 5000 franc notes.
On 30 June 1998, banknotes were introduced in denominations of 1, 5, 10, 20 and 50 centimes, 1, 5, 10, 20, 50 and 100 francs, though all are dated 01.11.1997. 200-franc notes were introduced in 2000, followed by 500-franc notes in 2002. As of July 2018, the only negotiable instrument in circulation in the Democratic Republic of the Congo are banknotes of 10, 20, 50, 100, 200, 500, 1,000, 5,000, 10,000 and 20,000 francs. Meanwhile, merchants in Kinshasa were skeptical about the 5,000-franc note due either to counterfeiting of this denomination, or else an irregular or unauthorised issue of the genuine note, bearing the serial number suffix C. Although the banknote is accepted in most of the country, it is no longer in circulation in Kinshasa.
In 2010, Banque Centrale du Congo issued 20 million 500 franc banknotes to commemorate the country’s 50th anniversary of independence from Belgium.[2]
On July 2, 2012, the Banque Centrale du Congo issued new banknotes in denominations of 1,000, 5,000, 10,000 and 20,000 francs.[3][4][5][6][7]
The smallest note in use is 50 francs.