Information about currency: Katangese Franc

Katangese Franc (1960 - 1963)
Currency NameKatangese Franc
System1 Franc = 100 Centimes
Description

The Katangese franc was the currency of the unrecognised State of Katanga between 1960 and 1963 during its brief period of independence from the Republic of the Congo. 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 US dollar. Just before Katanga was re-annexed by Congo, the exchange rate had fallen to 195 francs = 1 US dollar.

Bronze coins were issued in 1961 in denominations of 1 and 5 francs. A non-circulating gold 5 francs coin was also issued for collectors. Only one set containing 1 francs and 5 francs were ever made, and they remain readily available to collectors at nominal cost. Their design shows a copper cross, which was locally used for money in pre-colonial times.

In 1961, a provisional issue of notes was produced by the government. These were overprinted on notes of the Rwanda and Burundi franc in denominations of 5, 10, 20, and 50 francs. On 9 January 1961, regular notes dated 31 October 1960 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 also issued dated 1962 and 1963 in denominations of 100, 500, and 1000 francs.

The currency was replaced at par by the Congolese franc after the dissolution of the State of Katanga on 21 January 1963.

Coin Types in currency: Katangese Franc (2)
Coin TypeTypeFromToSub-typesCoins
Five Francs Regular Circulating 1961 1961 1
One Franc Regular Circulating 1961 1961 1
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Royal Mint
Katangese Franc: Details
Issued ByKatanga
From1960
To1963
Katangese Franc: Users
CountryPeriodFromTo
Flag of Katanga Katanga Katangese Franc 1961 1963
Katangese Franc: Related Currencies
CountryCurrencyFromTo
Flag of Belgium Belgium Belgian Franc 1832 2002