CDF to VEF
Currency conversion rates from CDF to VEF
|1 CDF||1 VEF|
|5 CDF||5 VEF|
|10 CDF||10 VEF|
|20 CDF||20 VEF|
|50 CDF||50 VEF|
|100 CDF||100 VEF|
|250 CDF||250 VEF|
|500 CDF||500 VEF|
|1000 CDF||1000 VEF|
|2000 CDF||2000 VEF|
|5000 CDF||5000 VEF|
|10000 CDF||10000 VEF|
|1 VEF||1 CDF|
|5 VEF||5 CDF|
|10 VEF||10 CDF|
|20 VEF||20 CDF|
|50 VEF||50 CDF|
|100 VEF||100 CDF|
|250 VEF||250 CDF|
|500 VEF||500 CDF|
|1000 VEF||1000 CDF|
|2000 VEF||2000 CDF|
|5000 VEF||5000 CDF|
|10000 VEF||10000 CDF|
CDF - Congolese Franc (CDF)
The official currency of the Democratic Republic of Congo is the Congolese Franc (CDF). The symbol for the Franc is FC. The Franc is subdivided into 100 centimes. There were two editions of the Franc; the second edition is the new Congolese Franc.
The Franc Congolais is the currency in Congo (CD, COD). The Franc Congolais is divided into 100 centimes. The exchange rate for the Franc Congolais was last updated on May 24, 2019 from Yahoo Finance. The CDF conversion factor has 5 significant digits.
- The Democratic Republic of Congo has a vast amount of mineral and other natural resources. The estimated value of the untapped raw material is +/- 24 trillion USD.
- Agriculture accounts for 57% of the GDP. Products of the agriculture industry are rubber, tea, cotton, sugar, palm oil, and coffee.
- The Congo relies on the mining industry.
- The main industries are consumer products, mining, cement, and commercial ship repair.
- Export products are crude oil, wood products, coffee, copper, gold, diamonds, and cobalt.
- Import products are transportation equipment, mining and other machinery, and food.
- There is a lot of economy activity in the informal sectors that is not included in the GDP.
- The first and second wars that took place in the 1960s negatively impacted the economy.
- The government is establishing economic zones to help get the industrial sector started.
- The first Franc was introduced in 1887. It had the same value as the Belgian Franc.
- In 1916, the Congolese Franc also circulated in the countries of Burundi and Rwanda; however, they later issued their own Franc.
- In 1967, Congo declared independence and the Franc was replaced with the Zaire at 1,000 Francs = 1 Zaire.
- In 1997, the Franc was re-introduced and the Zaire was eliminated. The exchange rate was 100,000 new Zaires = 1 Franc.
- In 2010, the Central Bank printed commemorative notes to celebrate the 50th anniversary of the country’s independence from Belgium.
VEF - Venezuelan Bolívar (Bs.)
The Bolívar Fuerte has been the official currency of Venezuela since January 1, 2008. It is subdivided into 100 céntimos and replaced the Bolivar at the rate of Bs.F. 1 = Bs. 1,000 due to inflation.
The Venezuelan Bolivar Fuerte is the currency in Venezuela (VE, VEN). The Venezuelan Bolivar Fuerte is also known as Bolivars, and Bolívar. The symbol for VEF can be written Bs. F. The Venezuelan Bolivar Fuerte is divided into 100 centimos. The exchange rate for the Venezuelan Bolivar Fuerte was last updated on August 23, 2018 from Bloomberg. The VEF conversion factor has 4 significant digits.
- The economy of Venezuela is largely based on the petroleum sector, which accounts for roughly a third of the GDP, around 80% of total exports, and more than half of government operating revenues.
- Venezuela is the fifth-largest member of OPEC by oil production.
- From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants.
- During the collapse of oil prices in the 1980s the economy contracted. With high oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007, but was expected to shrink by 2.9% in 2009 and further in 2010.
- Venezuela has one of the highest inflation rates in the world, averaging 29.1% in 2010, according to the CIA world fact book.
- The Bolivar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 Bolivares = 1 Venezolano.
- Initially, the Bolívar was on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin monetary union. The monetary law of 1887 made the gold Bolívar unlimited legal tender, and the gold standard came into full operation in 1910.
- Venezuela went off the gold standard in 1930, and in the 1934 the Bolívar exchange rate was fixed in terms of the US Dollar at a rate of 3.914 Bolivares = 1 USD.
- In 1937, it was revalued to 3.18 Bolivares = 1 USD, a rate which lasted until 1941.
- Until February 18, 1983, now called Black Friday by many Venezuelans, the Bolívar had been the most stable and internationally accepted currency.