Republic of Congo - Currency/MoneyRepublic of Congo - Currency
The common currency used in the Republic of Congo and other CEMAC members is the CFA Franc (F CFA). The CFA is linked to the Euro and is treated as an intervention monetary unit at a fixed exchange rate of 1 Euro: 655.957 CFA Franc. This agreement guarantees the availability of foreign exchange and the unlimited convertibility of the CFA Franc. It also provides considerable monetary stability to the Republic of Congo and other CEMAC countries. The exchange rate between the CFA Franc and the U.S. dollar fluctuates according to the rate between the Euro and the U.S. Dollar.