TJS to CDF

CDF - Congolese Franc (CDF)

Congolese Franc

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.

Economy

• 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.

History

• 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.

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TJS - Tajikistani Somoni (TJS)

Tajikistani Somoni

The Somoni is the currency of Tajikistan. It is named after the father of the Tajik nation, Ismail Samani. The Somoni was put into circulation on October 30, 2000 to replace the Tajikistani Ruble at the rate of 1 Somoni = 1,000 Rubles. The Somoni is subdivided into 100 dirams.

The Tajikistan Somoni is the currency in Tajikistan (TJ, TJK). The Tajikistan Somoni is divided into 100 dirams. The exchange rate for the Tajikistan Somoni was last updated on May 24, 2019 from Yahoo Finance. The TJS conversion factor has 5 significant digits.

Economy

• The Tajikistani economy has been greatly weakened by six years of civil conflict and the resulting loss of markets for its products.
• Tajikistan depends on international humanitarian assistance for much of its basic subsistence needs. Even if the peace agreement of June 1997 is honored, the country faces major problems in integrating refugees and former military personnel into the economy.
• In 2006, the per capita GDP of Tajikistan was 85% of the 1990s level.
• The population has increased from 5.3 million in 1991 to 7.3 million in 2009.
• Despite resistance from vested interests, the government of Tajikistan has continued to pursue macroeconomic stabilization and structural reforms since 2000.

History

• Somoni banknotes in circulation are denominated in 1, 5, 20, and 50 dirams and 1, 5, 10, 20, 50, and 100 Somoni.
• The Somoni replaced the Tajikistani Ruble, which had been the currency since 1991.
• Since 2001, the exchange rate has remained relatively stable. In January 2007, 3.21 Somoni = 1 USD.
• From 2001–2003 Tajikistan’s inflation rates were 33 percent, 12.2 percent, and 16.3 percent, respectively.
• In 2004 the rate fell to 6.8 percent, and the rate for 2005 was 7.1 percent.

More information about TJS - Tajikistani Somoni (TJS)