What is another word for Zairese Monetary Unit?

1 synonym found


[ zˈe͡əs mˈʌnɪtəɹi jˈuːnɪt], [ zˈe‍əs mˈʌnɪtəɹi jˈuːnɪt], [ z_ˈeə_s m_ˈʌ_n_ɪ_t_ə_ɹ_i j_ˈuː_n_ɪ_t]

The Zairese monetary unit was adopted by the Democratic Republic of Congo in 1971, replacing the Congolese franc. However, due to hyperinflation and economic instability, the Zairese monetary unit was ultimately replaced by the Congolese franc in 1997. Synonyms for the Zairese monetary unit include Zairean currency, Zairese franc, and Congolese zaire. While these terms are no longer in use, they are historically significant reminders of the economic challenges faced by the Democratic Republic of Congo during this period. Today, the Congolese franc remains the official currency of the country and is commonly referred to as simply "franc" by locals.

Synonyms for Zairese monetary unit:

How to use "Zairese monetary unit" in context?

The Zairean dollar is the official currency of Zaire. The currency was first introduced in 1979 and was pegged to the French franc. The franc was eventually replaced by the Belgian franc in 1993. In 1997, the zairean franc was replaced by the Special Zairean Franc. The Special Zairean Franc was pegged to the euro and was discontinued in 2003. The Central African CFA franc is the official currency of the Central African Republic.

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