🇨🇩Congolese Franc (CDF)
The Congolese franc was introduced in 1998, replacing the zaire at a rate of 1 new franc to 100,000 old zaires, following a period of extreme hyperinflation under the Mobutu government. It floats against major currencies, and the US dollar circulates widely alongside it in practice, especially in the east of the country and for larger transactions, making the DR Congo a heavily dollarized economy even though the franc remains the official legal tender.
CDF ⇄ USD Converter
History
The Congolese franc was introduced in 1998, replacing the zaire at a rate of 1 new franc to 100,000 old zaires, following a period of extreme hyperinflation under the Mobutu government. It floats against major currencies, and the US dollar circulates widely alongside it in practice, especially in the east of the country and for larger transactions, making the DR Congo a heavily dollarized economy even though the franc remains the official legal tender.
Denominations
Congolese Franc banknotes commonly circulate in these denominations:
- 50, 100, 200 francs — small notes for everyday purchases
- 500, 1,000 francs — common mid-value notes
- 5,000, 10,000, 20,000 francs — higher-value notes
Frequently Asked Questions
What is the currency symbol for the Congolese franc?
The Congolese franc's symbol is FC. Its ISO 4217 currency code is CDF.
Is the US dollar used in DR Congo?
Yes, widely. The US dollar circulates alongside the Congolese franc for many transactions, particularly larger purchases and in the eastern provinces, even though the franc is the official currency.
Why was the Congolese franc introduced in 1998?
It replaced the old zaire, which had been devastated by hyperinflation under the Mobutu government, at a steep conversion rate of 100,000 old zaires to 1 new franc.
Where can I see rates for other African currencies?
Check the full currency directory on the African Currencies homepage, which covers all 54 African countries.