LIKUTA Meaning and
Definition
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Likuta is the official currency of the Democratic Republic of the Congo. Introduced in 1967, it is abbreviated as "CDF" and is further subdivided into 100 centimes. The name "likuta" originates from the Lingala language, meaning "palm leaf," which emphasizes the importance of agriculture to the country's economy.
The currency has faced significant challenges over the years due to hyperinflation and political instability in the country. As a result, the Central Bank of Congo has gone through multiple currency revaluations, including the removal of multiple zeros, in an effort to stabilize the likuta. Despite these measures, the likuta remains a relatively weak currency and has experienced continued depreciation against major international currencies, such as the US dollar.
The likuta plays a crucial role in facilitating trade and commerce within the Democratic Republic of the Congo. It is accepted as legal tender for all transactions within the country, including the purchase of goods and services. The currency is available in the form of banknotes, with different denominations ranging from small values like 10 centimes to larger denominations like 500 likuta.
Due to ongoing economic challenges, the use and acceptance of foreign currencies, especially the US dollar and the Euro, are widespread in certain sectors of the Congo. This signifies the lack of confidence in the stability of the likuta and reflects the economic realities faced by the country.
Common Misspellings for LIKUTA
- kikuta
- pikuta
- oikuta
- lukuta
- ljkuta
- lkkuta
- lokuta
- l9kuta
- l8kuta
- lijuta
- limuta
- liluta
- liouta
- liiuta
- likyta
- likhta
- likjta
- likita
- lik8ta
Similar spelling words for LIKUTA
- lift,
- like,
- licked,
- licit,
- list,
- locket,
- lute,
- lit,
- -like,
- light,
- like mad,
- lookout,
- licata,
- liked,
- liszt,
- licht,
- liquid.
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