Congo announces new banknote series

The governor of the Banque Centrale du Congo (BCC), Deogratias Mutombo Mwana Nyembo, announced on 13 March 2017 new notes for the banknote series from 500 Congolese francs to 20,000 Congolese francs.

Part of the reason for this decision is the massive counterfeiting in Congo. Recent reports mention that 1.2% to 2% of the circulating highest denomination notes of 20,000 Congolese francs is actually false. This was the work of a gang that included a Director of the Banque Centrale du Congo by the name of Paluku, who stole the plates and had the notes printed in a country in Asia.

The banknotes of the new series will have new security features. 

Steven Tuesday 21 March 2017 at 08:43 am | | news
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