new zaire

E300907

The new zaire was the former currency of the Democratic Republic of the Congo that circulated during the late Mobutu era before being replaced amid severe inflation and economic reform.

All labels observed (1)

Label Occurrences
new zaire canonical 1

How this entity was disambiguated

Statements (25)

Predicate Object
instanceOf fiat currency
former currency
circulatedDuring late Mobutu era
country Democratic Republic of the Congo
currencyCode ZRN
economicContext currency reform in Zaire
severe inflation in Zaire
historicalRole transitional currency before reintroduction of Congolese franc
monetaryAuthority Democratic Republic of the Congo
surface form: Bank of Zaire

Central Bank of the Congo
namedAfter Democratic Republic of the Congo
surface form: Zaire
reasonForReplacement economic reform
hyperinflation
replaced zaire (currency)
replacedBy Congolese franc
status demonetized
subunit new makuta
subunitToUnitRatio 100 new makuta = 1 new zaire
type coinage
paper money
usedBy residents of Zaire
usedFor domestic transactions
retail purchases
wage payments
usedIn Democratic Republic of the Congo
surface form: Zaire

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.