Countries that use the Congolais Franc
The Congolais Franc was established in 1997 as an official national currency and is used only in the Republic of the Congo and in the Democratic Republic of the Congo. 1 Franc is devided into 100 Centimes.
1.00 Congolais Franc = 0.0006 US Dollar
Exchange rate history 10000 CDF in USD
Congolais Franc as currency
Currency reserves for the Congolais Franc
According to the International Monetary Fund, the total broad money (M3) amounted to CDF 7,158.86 billion at the end of 2016 (data sums up for all 2 countries). For currency hedging, reserves were held in a total amount of 1,182.90 billion Francs. This corresponds to a ratio of 1:6.1. In other words: Not even 1 of 7 Francs is deposited with a countervalue.
All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.Worldwide currency and gold reserves
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