Katangese franc

Katangese franc
franc katangais (French)
1960 50 francs
Denominations
Subunit
1100centime
Banknotes10, 20, 50, 100, 500 and 1,000 francs
Coins1, 5 francs
Demographics
ReplacedBelgian Congo franc
Replaced byCongolese franc
User(s) Katanga
Issuance
Central bankBanque Nationale du Katanga
This infobox shows the latest status before this currency was rendered obsolete.

The Katangese franc (French: franc katangais), was the currency of the unrecognized 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 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.