banking as an expat in the DRC

Ngozii

Member

Member since 30 March 2011

Kigoma

Ngozii

30 March 2011 02:19:24

Ngozii

30 March 2011 02:19:24

Kigoma

Help!!!

Assignment Due in class on the DRC and expats. I know it's last minute but ANY HELP is so
appreciated.

I need to know about banking as an expat in the DRC, where I can bank, in what currency, restrictions on amounts I can transfer into the country and foreign exchange holdings.

Please Help!

Christine

ViP

Member since 29 September 2008

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Christine

30 March 2011 08:35:57

42879

Christine

30 March 2011 08:35:57

42879

Hi Ngozii,

Welcome on Expat-blog!

Your topic has been introduced as a new thread on the Democratic Republic of Congo forum for greater visibility.

Wish you good luck.
Christine

nurulfitri

Active member

Member since 03 July 2010

Bukavu

nurulfitri

16 April 2011 21:42:53

nurulfitri

16 April 2011 21:42:53

Bukavu

Hi Ngozi,
I will try my best to give information about banking system in DRC.
DRC has its own currency called Franco. However, for buying and selling activities, people also use US Dollar as the currency. There are many foreign banks in DRC. Trust Merchant bank (TMB) which still has relation with Citi Bank, Rawbank, Bank of Africa, BIAC, and many more. For me, I use TMB as my account. And I also use their service to transfer money to my country. Using this bank is cheaper than using the Western Union.
I wish it can help you..

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