Author Topic: Coins as innovation in Congo  (Read 1790 times)

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Offline Figleaf

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Coins as innovation in Congo
« on: September 07, 2007, 05:29:02 PM »
The Central Bank of the Congo (BCC) wants to reintroduce coins. The last time cins were issued was in 1987, when the national currency was called Zaire, like the country. The coins will have a value of 25, 50, 100 and 250 Congo Francs (CDF). As one euro is now about 650 CDF, the coins would at present represent values of between 4 and 39 eurocents.

BCC says that coins can not only be used longer than banknotes (20 years against 18 months), butt also look better than dirty and worn notes. Therefore coins are "clearly more efficient". Implicit in this statement is that Congo expects inflation to remain on a sustainable level. That would be a much needed success in the battle for development.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline bart

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Re: Coins as innovation in Congo
« Reply #1 on: September 21, 2008, 05:19:00 PM »
There are only 2 countries named "Congo": the Democratic Republic of Congo (Congo-Kinshasa, former Zaire, former Belgian colony) and the Republic of Congo (Congo-Brazzaville, former Peoples Republic of Congo, former French colony).

bart

Offline Figleaf

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Re: Coins as innovation in Congo
« Reply #2 on: September 22, 2008, 11:03:43 PM »
Wiki is once again entertaining on the Great Congo question, but this site has already discussed Guineas :)

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Figleaf

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Re: Coins as innovation in Congo
« Reply #3 on: September 23, 2008, 12:00:05 AM »
Here is your manual.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.