Katangan franc
Encyclopedia
The franc was the currency of Katanga
between 1960 and 1963 during the Congolese
province's brief independence. It replaced the Congolese franc
at par and was consequently initially equal to the Belgian franc
. This established an exchange rate of 50 francs = 1 U.S. dollar. Just before Katanga was re-annexed by Congo, the exchange rate had fallen to 195 francs = 1 U.S. dollar. The currency was replaced at par by the Congolese franc.
in denominations of 5. 10, 20 and 50 francs. Later in 1960, regular notes were issued by the Banque Nationale du Katanga in denominations of 10, 20, 50, 100, 500 and 1000 francs. A second series of notes was issued in 1962 in denominations of 100, 500 and 1000 francs.
State of Katanga
Katanga was a breakaway state proclaimed on 11 July 1960 separating itself from the newly independent Democratic Republic of the Congo. In revolt against the new government of Patrice Lumumba in July, Katanga declared independence under Moise Tshombe, leader of the local CONAKAT party...
between 1960 and 1963 during the Congolese
Democratic Republic of the Congo
The Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
province's brief independence. It replaced the Congolese franc
Congolese franc
The franc is the currency of the Democratic Republic of Congo. It is subdivided into 100 centimes.-First franc, 1887-1967:During Belgian colonial rule, currency denominated in centimes and francs was issued for use in Congo. These francs were equal in value to the Belgian franc. From 1916, the...
at par and was consequently initially equal to the Belgian franc
Belgian franc
The franc was the currency of Belgium until 2002 when the euro was introduced into circulation. It was subdivided into centimes , 100 centiem or Centime .-History:...
. This established an exchange rate of 50 francs = 1 U.S. dollar. Just before Katanga was re-annexed by Congo, the exchange rate had fallen to 195 francs = 1 U.S. dollar. The currency was replaced at par by the Congolese franc.
Banknotes
In 1960, a provisional issue of notes was produced by the government. These were overprinted on notes of the Rwanda and Burundi francRwanda and Burundi franc
The franc was a currency issued for the two Belgian Mandate Territories of Rwanda and Burundi between 1960 and 1964.- History :The franc became the currency of Rwanda and Burundi in 1916, when the two countries were occupied by Belgium and the Belgian Congo franc replaced the German East African...
in denominations of 5. 10, 20 and 50 francs. Later in 1960, regular notes were issued by the Banque Nationale du Katanga in denominations of 10, 20, 50, 100, 500 and 1000 francs. A second series of notes was issued in 1962 in denominations of 100, 500 and 1000 francs.