Emerging Markets Rates and Currencies Handbook

Congo (DRC) (CDF - Congolese Franc) Citi in Congo (DRC) Citi was established in the Democratic Republic of Congo (DRC) in 1971, making it the first international bank and the only U.S. bank to open in the country. Citi provides a wide range of banking services to government entities, non-governmental organizations, local subsidiaries of global multinationals, local corporates and microfinance institutions. Citi is the primary bank of choice for multinational corporations and other international organizations. Citi in DRC is recognized as being a pioneer as well as a market leader in the provision of treasury and trade solutions, tailor-made cash management solutions, foreign exchange (spot & forward), as well as being the only bank to provide an Integrated Electronic Banking platform (CitiDirect) for multi-currency payments, account management and real-time online trading solutions to clients via our e-Platform Citi Fx Pulse. Market Overview Floating. Central Bank intervene to smooth out volatility when required. Main volumes are coming from Corporates/Government and Public Sector. Most trades are done for business reasons. The IR market isn’t an active market in the DRC. Convertibility Convertible only onshore with no restrictions. 76