Search results
Results From The WOW.Com Content Network
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.
The French Congo was sometimes known as Gabon-Congo. [3] It formally added Gabon on in 1891, [ 1 ] was officially renamed Middle Congo (French: Moyen-Congo ) in 1903, was temporarily divorced from Gabon in 1906, and was then reunited as French Equatorial Africa in 1910 in an attempt to emulate the relative success of French West Africa .
The area now known as the Republic of the Congo came under French sovereignty in the 1880s. Pierre Savorgnan de Brazza, a French empire builder, competed with agents of Belgian King Leopold's International Congo Association (later Democratic Republic of the Congo) for control of the Congo River basin. Between 1882 and 1891, treaties were ...
Roughly forty companies with a capital of roughly 59.5 million francs were given a free hand to exploit the colony's resources under virtual monopoly conditions. 650,000 square miles of land, except for a few strategic locations mainly around the Congo River, were leased as concessions for a thirty-year period.
On January 28, 2025, demonstrators in Kinshasa, the capital of the Democratic Republic of Congo (DRC), attacked several foreign embassies, including those of France, Belgium, Kenya, Rwanda, Uganda, and the United States. These protests were in response to the escalating conflict in the DRC's eastern regions, which has led to the displacement of ...
Notes were issued in denominations of 5, 10, 20, 50, 100, and 1,000 francs, followed by those of 500 francs in 1949, and 5,000 francs in 1952. In 1957, the Institut d'Émission de l'Afrique Équatoriale Française et du Cameroun took over paper money production, issuing all of the earlier denominations except for the 500 -franc bill.
Usage of: West African CFA franc (XOF) Central African CFA franc (XAF) CFA franc (French: franc CFA, [fʁɑ̃ seɛfɑ]) is the name of two currencies used by 210 million people (as of 2023) in fourteen African countries: the West African CFA franc (where "CFA" stands for Communauté Financière Africaine, i.e. "African Financial Community" in English), used in eight West African countries, and ...
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.