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Economy, Currency and Banking
centimes, unit of currency, national bank, DRC, Democratic Republic
The unit of currency in the DRC is the Congolese franc, consisting of 100 centimes (617.66 Congolese francs equal US$1; April, 1999). The Congolese franc was issued in mid-1998, replacing the new zaire. The government controls the currency’s rate of exchange. The Bank of the Democratic Republic of the Congo (1964) is the national bank. A number of domestic banks and branches of foreign banks also function.
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