A practical currency and money guide to travel, living and doing business in Zaire and the Congolese franc (CDF).
What's in this Zaire currency guide:
The official currency of Zaire (country code: CD) is the Congolese franc, with symbol FC and currency code CDF.
The Congolese franc (CDF) is the official currency of the Democratic Republic of the Congo. Here are a few things you might want to know about the CDF:
The CDF has been the official currency of the Democratic Republic of the Congo since 1997, when it replaced the Congolese zaire.
The CDF is not pegged to any other currency, and its value is determined by supply and demand in the foreign exchange market.
The central bank of the Democratic Republic of the Congo, the Banque Centrale du Congo, is responsible for issuing and regulating the CDF.
The CDF is not a widely used or traded currency outside of the Democratic Republic of the Congo, and it can be difficult to exchange it for other currencies in some parts of the world.
Inflation has been a significant issue in the Democratic Republic of the Congo, and the value of the CDF has declined significantly over the years.
The CDF is divided into 100 centimes. Coins are available in denominations of 5, 10, 20, 50, and 100 francs, as well as 1 and 2 francs. Banknotes are available in denominations of 50, 100, 500, 1000, 5000, and 10,000 francs.
Here are a few things to consider when planning a trip to the Democratic Republic of Congo (Zaire):
Safety: The DRC is a country with ongoing conflict and political instability, and there are certain areas that are considered unsafe for travelers. It's important to research the situation in the areas you plan to visit and consider the risks before making a decision to travel.
Health: The DRC has a high risk of infectious diseases like malaria, yellow fever, and Ebola. Make sure to get all necessary vaccinations before your trip, and consider taking preventative measures like using insect repellent and sleeping under a mosquito net.
Visa and passport requirements: All travelers to the DRC must have a valid passport and a visa to enter the country. Make sure your passport is up to date and apply for a visa in advance of your trip.
Transportation: The DRC has a limited infrastructure, and many roads and bridges are in poor condition. Travel within the country can be challenging, so consider using air travel when possible.
Accommodation: Accommodation options in the DRC can be limited, and facilities may not be up to the same standards as in other countries. Research your options carefully and consider staying in a reputable hotel or guesthouse.
Visit Virunga National Park: Virunga National Park is home to a wide range of wildlife, including gorillas, chimpanzees, and elephants. You can join a guided tour to see these amazing animals up close.
Explore Kinshasa: Kinshasa is the capital city of the DRC and it's a vibrant and bustling place with a rich culture. Visit the city's markets, museums, and art galleries to learn more about the country's history and culture.
Visit the Okapi Wildlife Reserve: The Okapi Wildlife Reserve is home to a wide range of wildlife, including the endangered okapi, a rare species of giraffe found only in the DRC. Join a guided tour of the reserve to see these and other animals in their natural habitat.
Go rafting on the Congo River: The Congo River is the second-longest river in Africa and it's a popular spot for white-water rafting. Join a guided rafting tour and experience the thrill of navigating the river's rapids.
Visit the Kahuzi-Biega National Park: The Kahuzi-Biega National Park is home to a wide range of wildlife, including gorillas, chimpanzees, and elephants. Join a guided tour of the park to see these animals up close and learn more about the park's conservation efforts.
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Zaire.
The economy of the Democratic Republic of Congo (DRC) is considered to be one of the poorest and most underdeveloped in the world. Despite its vast natural resources, including significant reserves of copper, cobalt, diamonds, gold, and other minerals, the DRC has struggled to attract foreign investment and build a stable, diversified economy.
The DRC has a long history of political instability and conflict, which has greatly hindered its economic development. The country has also been plagued by corruption, poor infrastructure, and a lack of skilled labor. The COVID-19 pandemics also impacted the economy.
The DRC's economy is largely based on the extraction of its natural resources, with mining accounting for a significant portion of its GDP. However, this sector has been hampered by poor infrastructure, lack of investment, and lack of transparency. Agriculture is also an important sector in the DRC, with the majority of the population engaged in subsistence farming.
Inflation is also high and has been on the rise, which is impacting negatively the purchasing power of the population.
Despite these challenges, the DRC government has taken some steps to improve the country's economic situation in recent years, such as implementing economic reforms and investing in infrastructure projects, however, the progress is slow. The World Bank and IMF, among other international organizations, are providing support to the DRC to improve the economy, but it will take time for the economy to improve, and for it to be perceived as a stable and attractive destination for investment.
Here we list some key points for expats and businesses to consider when managing financial dealings in Zaire:
Understand Congolese franc currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the CDF exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Congolese franc bank account: A local CDF bank account can make it easier for you to manage your finances and pay bills while you are in Zaire. It may also be more convenient to use a local CDF bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Zaire. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Zaire. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Zaire, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Congolese franc (CDF), or the amount of CDF that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/CDF rate plus recent trend, chart, and historic rates.
15 Mar 2023
|0.2% ▼||2 Week|
29 Dec 2022
|1.2% ▲||3 Month|
29 Mar 2022
|3.1% ▲||1 Year|
30 Mar 2018
|27.8% ▲||5 Year|
31 Mar 2013
|124.1% ▲||10 Year|
03 Apr 2003
|382% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Zaire or planning a trip or maybe living there, so will need to exchange and spend Congolese franc.
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It is important to note that the exchange rate of the Congolese franc can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect CDF exchange rates before making any financial decisions.