Congo
1 articleA place-specific profile links Congo, a sovereign state in Central Africa, to Central African CFA franc (XAF). The Bank of Central African States, rather than a national central bank, issues the XAF banknotes and coins used across the union. It belongs to the BEAC monetary area and uses the Central African CFA franc, a shared regional currency issued for participating Central African states. The entry identifies the Republic of the Congo within the XAF union and keeps it separate from the Democratic Republic of the Congo, which uses the CDF franc.
Mobutu's Katanga Coins: Currency Manipulation and Hidden Wealth
Mobutu Sese Seko's regime in Zaire left a legacy of currency manipulation, with Katanga's short-lived coins revealing how political power and monetary policy intertwined during the Congo Crisis