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> Zaire [Democratic Republic of Congo]
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Money
Currency: Franc Congolais (FC) = 1000 centimes. Owing to the precarious nature of the economy the denominations of the currency are subject to rapid change.
Note: The Franc Congolais has been revalued.
Currency exchange: Because of the parlous state of the economy the only true repository of value is the US Dollar. Free circulation of foreign currencies is now allowed within the country. Note that purchase of airline tickets within the country can be made only with money exchanged officially.
Credit & debit cards: The use of MasterCard and Visa is limited to Kinshasa’s major hotels. Credit cards cannot be used to obtain cash advances at banks.
Travellers cheques: Not recommended. Commission fees are very high, and travellers cheques are not accepted outside Kinshasa.
Currency restrictions: The import and export of local currency is prohibited. The import of foreign currency is limited to US$10,000. The export of foreign currency is unlimited.
Exchange rate indicators
The following figures are included as a guide to the movements of the Franc Congolais against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 469.25 | 536.88 | 654.70 | 671.93 | | $1.00= | 322.00 | 353.00 | 414.00 | 422.00 |
Banking hours: Mon-Fri 0800-1130.
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