Saturday, September 18, 2021

Money & Shopping in Congo

AfricaRepublic of the CongoMoney & Shopping in Congo

Republic of the Congo uses the Central African CFA franc (XAF). Cameroon, Central African Republic, Chad, Equatorial Guinea, and Gabon also use it. While technically distinct from the Western African CFA franc (XOF), the two currencies are used interchangeably at par in all CFA franc (XAF & XOF)-using nations.

The French treasury backs both CFA francs, which are linked to the euro at 1 euro = 655.957 CFA francs.

The United States dollar is not widely accepted.

Shopping

In the market near the BDEAC (Banque de Développement pour les Etats de l’Afrique Centrale), there is an artisan market as well as shops. Stunning jewelry, masks, paintings, and other works of art.

In the market near the BDEAC (Banque de Développement pour les Etats de l’Afrique Centrale), there is an artisan market as well as shops. Beautiful jewelry, masks, paintings, and other works of art.

All transactions are made in cash. Small change is very rare and difficult to get. Banknotes that are ripped or taped are not accepted.