This listing is for the photographed 1959 Central Bank of Belgian Congo, Rwanda and Urundi 50 Francs Note. This note was printed on February 1st, 1959. The obverse of this note depicts a print of workers at a weaving factory. Reverse shows local huts in the back with a local hand-weaving at the front. Incredibly interesting note depicting industrialization in Congo. Note is in Fine (F) condition with folds and tears from age and circulation. Notes from Belgian Congo and the Republic of Congo are highly sought after and valuable pieces, making them an excellent addition to any collection! P#32 (Pick Number 32).
In 1909 the Bank of Belgian Congo was established as the primary financial institution in the Belgian colony of Congo, responsible for the issuance of all Belgian Congo banknotes. In 1927 Belgium was granted the ability to colonize the lands of Rwanda and Urundi (Modern day Rwanda and Burundi), expanding the Bank of Belgian Congo to these lands, creating the Central Bank of Belgian Congo, Rwanda and Urundi in 1950 and issuing banknotes throughout the three lands. The bank continued issuing Congolese francs, which circulated across the Belgian Congo and the mandated territories of Rwanda and Urundi. The notes often carried bilingual inscriptions in French and Dutch, reflecting Belgium's linguistic heritage. In 1960 Congo gained independence from Belgian control, becoming the Democratic Republic of Congo, establishing its own central bank. Rwanda and Urundi gained independence in 1962, beginning to issue their own banknotes in the process. The history of these three nations under the colonial power of Belgium exhibits an incredibly interesting time period in the African continent and the influence of colonialism on their inhabitants!
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1959 Central Bank of Belgian Congo, Rwanda-Urundi 50 Francs Note - Belgium Congo Occupation - 1959 Belgian Congo Fifty Francs Note - P#32