Katangese franc

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Katangese franc

franc katangais (French)
1960 50 francs
Denominations
Subunit
1⁄100	centime
Banknotes	10, 20, 50, 100, 500 and 1,000 francs
Coins	1, 5 francs
Demographics
Replaced	Belgian Congo franc
Replaced by	Congolese franc
User(s)	Katanga
Issuance
Central bank	Banque Nationale du Katanga
This infobox shows the latest status before this currency was rendered obsolete.

The Katangese franc (French: franc katangais), was the currency of the unrecognized State of Katanga between 1960 and 1963 during its brief period of independence from the Republic of the Congo. It replaced the Congolese franc at par and was consequently initially equal to the Belgian franc. This established an exchange rate of 50 francs = 1 U.S. dollar. Just before Katanga was re-annexed by Congo, the exchange rate had fallen to 195 francs = 1 U.S. dollar. The currency was replaced at par by the Congolese franc.