Katangese franc explained

Local Name:franc katangais
Local Name Lang:fr
Image 1:KatangaP7a-50Shillings-1960 f.jpg
Image Title 1:1960 50 francs
Subunit Name 1:centime
Used Coins:1, 5 francs
Used Banknotes:10, 20, 50, 100, 500 and 1,000 francs
Issuing Authority:Banque Nationale du Katanga
Obsolete:yes
Replaced Currency:Belgian Congo franc
Replaced By Currency:Congolese franc

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
DenominationIssueMetalDiameter
(mm)
Weight
(g)
ObverseReverse
1 Franc1961Cu+Zn22.304.70Bananas - KATANGAKatanga Cross - 1 FR - BANQUE NATIONALE - year of issue
5 Francs1961Cu+Zn26.306.40Bananas - KATANGAKatanga 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
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0005.htm 10 francs National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0006.htm 20 francs Moïse Tshombe National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0007.htm 50 francs Moïse Tshombe National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0008.htm 100 francs Moïse Tshombe National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0009.htm 500 francs Moïse Tshombe National Assembly ("Bâtiment du 30 Juin"), Élisabethville (Lubumbashi)
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0010.htm 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
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0012.htm 100 francs Corn harvest Wheel of spears and masks Elephant
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0013.htm 500 francs Man at a fireplace Wheel of spears and masks Elephant
http://banknote.ws/COLLECTION/countries/AFR/KTG/KTG0014.htm 1000 francs Cotton harvest Wheel of spears and masks Elephant

Further reading

Notes and References

  1. Web site: The Katanga Cross. Anderson. Joel. www.joelscoins.com. 2017-09-17.
  2. |-Coins from Katanga
  3. Book: Linzmayer . Owen . The Banknote Book . Katanga . www.BanknoteNews.com . 2012 . San Francisco, CA .