Katangese franc

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.

Coins

Bronze coins were issued in 1961 in denominations of 1 and 5 francs. A non-circulating gold 5 francs coin was also issued for collectors. Only one set containing 1 francs and 5 francs were ever made, and they remain readily available to collectors at nominal cost. Their design shows a copper cross, which was locally used for money in precolonial times. ^{[1] [2]}

Coins of the Katangese franc
Denomination	Issue	Metal	Diameter (mm)	Weight (g)	Obverse	Reverse
1 Franc	1961	Cu+Zn	22.30	4.70	Bananas - KATANGA	Katanga Cross - 1 FR - BANQUE NATIONALE - year of issue
5 Francs	1961	Cu+Zn	26.30	6.40	Bananas - KATANGA	Katanga Cross - 5 FR - BANQUE NATIONALE - year of issue

Banknotes

In 1961, a provisional issue of notes was produced by the government. These were overprinted on notes of the Ruanda-Urundi franc in denominations of 5, 10, 20, and 50 francs. On 9 January 1961, regular notes dated 31.10.60 were issued by the Banque Nationale du Katanga in denominations of 10, 20, 50, 100, 500 and 1000 francs. A second series of notes was also issued dated 1962 and 1963 in denominations of 100, 500, and 1000 francs. ^[3]

Banknotes of the Katangese franc (1960 Moise Tshombé issue)
Image	Value	Obverse	Reverse
	10 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
	20 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
	50 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
	100 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
	500 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
	1000 francs	Moïse Tshombe	National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)

Banknotes of the Katangese franc (1962 "Franc Katangai" issue)
Image	Value	Obverse	Reverse	Watermark
	100 francs	Corn harvest	Wheel of spears and masks	Elephant
	500 francs	Man at a fireplace	Wheel of spears and masks	Elephant
	1000 francs	Cotton harvest	Wheel of spears and masks	Elephant

References

1. Anderson, Joel. "The Katanga Cross". www.joelscoins.com. Retrieved 2017-09-17.
2. "Items from Katanga". en.numista.com.
3. Linzmayer, Owen (2012). "Katanga". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

Further reading

• Africa portal
• Money portal
• Numismatics portal

• Boehme, Olivier (2005). "The Involvement of the Belgian Central Bank in the Katanga Secession, 1960-1963". African Economic History. 33 (33): 1–29. JSTOR   4617603.

Preceded by: Congolese franc Reason: independence Ratio: at par

Currency of Katanga 1960 – 1963

Succeeded by: Congolese franc Reason: reunification Ratio: at par