The Comoros Franc (KMF) is the official currency of the Comoros, a beautiful island nation in the Indian Ocean. 

Let’s take an in-depth look at the Comoros Franc, including its history, banknotes, coins, exchange rates, and tips for using it. 

Knowing about the KMF will help you operate the islands confidently.

What is Comoros Franc (KMF)

The Comoros Franc (KMF) is the official currency of the Comoros, an island nation located in the Indian Ocean, between Madagascar and the coast of Mozambique.

The Comoros Franc is issued and managed by the Central Bank of the Comoros, which is responsible for regulating the money supply and ensuring the stability of the currency.

People use the KMF for all kinds of purchases, from buying fresh seafood at local markets to paying for transportation and utilities. It plays a crucial role in everyday life on the islands.

The symbol for the Comoros Franc is “CF” or “KMF.” When you see prices in the Comoros, they will be in Comoros Francs unless otherwise stated. 

For example, if a product costs 1,000 KMF, that’s how the currency is displayed.

Exchange Rates with Other Currencies

The value of the Comoros Franc (KMF) fluctuates based on economic conditions and international markets. 

• 1 USD (United States Dollar) = 449.50 KMF
• 1 EUR (Euro) = 491.13 KMF
• 1 GBP (British Pound) = 586.84KMF
• 1 CHF (Swiss Franc) = 522.45 KMF
• 1 NGN (Nigerian Naira) = 0.28 KMF

Banknotes of the Comoros Franc

The Comoros Franc has several banknotes, each featuring unique colors, designs, and historical figures.

• 1,000 KMF: This is the smallest denomination, typically green. It features a depiction of a traditional Comorian boat, showcasing the country’s rich maritime culture. The size of this banknote is 130 x 65 mm.
• 2,000 KMF: This note is blue and portrays the famous Comorian tree, known for its importance in local culture. Its dimensions are 130 x 65 mm.
• 5,000 KMF: The 5,000 KMF banknote is yellow and features a representation of the national assembly, highlighting the political aspect of the country. It measures 140 x 70 mm.
• 10,000 KMF: This banknote is red and showcases a depiction of the Comoros’ landscape, emphasizing the islands’ natural beauty. Its size is 140 x 70 mm.
• 20,000 KMF: The largest banknote, colored orange, features a portrait of a local cultural figure, celebrating the heritage of the Comoros. The dimensions of this note are 148 x 73 mm.

Coins of the Comoros Franc

The Comoros Franc is also available in various coins, which are typically used for smaller purchases or providing change.

• 1 KMF: A small coin, often made of nickel, that people use for very basic transactions.
• 5 KMF: A slightly larger coin, often made of a mix of metals, used for small purchases.
• 10 KMF: This coin is larger than the 5 KMF, usually made of copper, and commonly used in everyday transactions.
• 20 KMF: A bimetal coin that combines two metals, often used for slightly larger transactions.
• 50 KMF: This coin is also bimetal and is used for everyday purchases like snacks or drinks.

History of the Comoros Franc

Before becoming independent, the Comoros were part of various colonial powers, including the French and the Sultanate of Zanzibar. 

They used foreign currencies, such as the French Franc, during this time.

In 1970, the Comoros Franc officially replaced the Malagasy Franc at a rate of 1 KMF = 1 Malagasy Franc. 

This change represented a significant step toward establishing a national currency after gaining independence in 1975.

In 1981, the Central Bank of the Comoros was established, allowing for better management of the currency. 

It underwent further changes, leading to the current system that divides the franc into 100 centimes.

Stability of the Comoros Franc

The stability of the Comoros Franc relies on multiple factors, including the nation’s economy, trade balance, and tourism.

Sometimes, the value of the franc can decline, leading to higher prices for goods and services. 

Conversely, if the economy improves or if tourism increases, the currency can strengthen, making it more valuable against foreign currencies.

Conclusion

The Comoros Franc (KMF) is the official currency of the Comoros, and it plays an important role in the lives of both locals and visitors. 

With its colorful banknotes and coins, the KMF reflects the islands’ unique culture and history. 

By understanding the current exchange rates and how to use the currency, you can manage your money better while exploring the beautiful landscapes and lively markets of the Comoros. 

Knowing about the KMF will help you enjoy local cuisine and shop for souvenirs with ease during your visit.