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The zaire was introduced on 23 June 1967, at a rate of one zaire = 1000 Congolese francs = 100 Belgian francs. This gives an implicit exchange rate of US$2 per zaire. Between 1971 and 1976, the zaire was pegged to the U.S. dollar with an exchange rate of Z0.50 to US$1.
They could be converted into the gold or silver currency of the Latin Union or into foreign currencies at the prevailing gold exchange rate. [2] Convertability was suspended during World War I and was only restored in 1927. Although the Congolese franc had appreciated during the conflict, it was restored to parity with the Belgian franc in 1919 ...
2.4 Swiss franc as legal tender. ... De Facto Classification of Exchange Rate Arrangements, as of April 30, ... Republic of Congo
Congolese franc – Democratic Republic of the Congo (replaced in 1967, ... List of countries by exchange rate regime; List of central banks; ISO 4217 This page ...
Congo, Democratic Republic of the: Congolese franc: FC CDF Centime: 100 Congo, Republic of the: Central African CFA franc: F.CFA XAF Centime: 100 Cook Islands: Cook Islands dollar $ (none) Cent: 100 New Zealand dollar $ NZD Cent: 100 Costa Rica: Costa Rican colón ₡ CRC Céntimo: 100 Côte d'Ivoire: West African CFA franc: F.CFA XOF Centime ...
A court in Kinshasa also fined him 1 million Congolese francs ($360.) Bujakera worked for Actualité.CD, a Congolese online news site, and Jeune Afrique, a Paris-based magazine, among others.
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
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