Monday, January 17, 2022

Money & Shopping in DR Congo

AfricaDemocratic Republic of CongoMoney & Shopping in DR Congo

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City Market, Peloustore, Kin Mart, and Hasson’s are supermarkets in Kinshasa’s Gombe commune that offer food and beverages, detergent, kitchen appliances, and more.

At a reasonable price, SIM cards and prepaid mobile phone recharges are available on the street and at the Ndjili airport.

Money

The Congolese franc, abbreviated FC and often simply with a capital F after the quantity, is the local currency, with the ISO 4217 international currency code CDF. The currency may be changed at any time (but impossible to get rid of outside the country)

CDF50, 100, 200, 500, 1000, 5000, 10,000, and 20,000 banknotes are available in various denominations. The 50, 100, 200, and 500 franc bank notes are presently the only Congolese bank notes in circulation in most locations. They’re almost worthless, with the largest denomination bill (the 500 franc note) being worth around USD0.55.

Dollars in denominations greater than $2 are favored over francs. Coins and one and two dollar notes from the United States, on the other hand, are deemed worthless. You will get change in francs if you pay in dollars. Though francs may sometimes arrive in banknotes that feel like cloth, US dollar bills must be crisp (less than three folds) and printed in or after 2003 to be accepted.

The sign FF is used in certain businesses to represent 1000 francs, and 1 US dollar is believed to be equal to 1000 francs.

In Kinshasa, ATMs for MasterCard and Maestro are now accessible at the “Rawbank” on avenue du 30 Juin (Gombe District) and the Grand Hotel. It spits out dollars in the United States. Visa cards may also be used at ATMs operated by “Procredit” banks in Kinshasa, on Avenue des Aviateurs, or in front of the Grand Hotel (only USD20 and USD100 bills).

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