The Katangese franc (french: franc katangais), was the currency of the unrecognized

State of Katanga The State of Katanga; sw, Inchi Ya Katanga) also sometimes denoted as the Republic of Katanga, was a breakaway state that proclaimed its independence from Congo-Léopoldville on 11 July 1960 under Moise Tshombe, leader of the local ''Co ...

between 1960 and 1963 during its brief period of independence from the

Republic of the Congo The Republic of the Congo (french: République du Congo, ln, Republíki ya Kongó), also known as Congo-Brazzaville, the Congo Republic or simply either Congo or the Congo, is a country located in the western coast of Central Africa to the w ...

. It replaced the Congolese franc at par and was consequently initially equal to the

Belgian franc The Belgian franc ( nl, Belgische frank, french: Franc belge, german: Belgischer Franken) was the currency of the Kingdom of Belgium from 1832 until 2002 when the Euro was introduced. It was subdivided into 100 subunits, each known as a in Dutc ...

. This established an exchange rate of 50 francs = 1

U.S. dollar The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

. 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.

Banknotes

In 1961, a provisional issue of notes was produced by the government. These were overprinted on notes of the

Ruanda-Urundi franc The Ruanda-Urundi franc was a currency issued for the Belgian mandate territory of Ruanda-Urundi in 1960–62 which continued to circulate within its successor states of Rwanda and Burundi until 1964. The currency replaced the Belgian Congo 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.

Coins

Banknotes

References

Further reading