How Employers Can Transfer Salaries to FDW Families in Indonesia
This article covers: Key takeaways Understand the risks and requirements Choosing the right transfer method…
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo (DRC) and is issued by the Central Bank of the Congo. The franc has faced severe devaluation due to economic instability, conflict, and inflation. Introduced in 1997, the CDF replaced the Zairean currency following the overthrow of the Mobutu regime. The Congolese economy relies heavily on natural resources, particularly mining (cobalt, copper, and gold), but political instability has weakened the currency’s value. The franc is subdivided into 100 centimes, though coins and smaller denominations are rarely used due to inflation. Banknotes are available in values from 1 CDF to 20,000 CDF.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.