- Central Bank of the Congo
Infobox Central bank
bank_name_in_local = Banque Centrale du Congo
image_1 = BCCongo.jpg
image_title_1 = Bank logo
Kinshasa, Democratic Republic of the Congo
established = 1997
president = Jean-Claude Masangu Mulongo
Democratic Republic of the Congo
currency_iso = CDF
website = [http://www.bcc.cd bcc.cd]
Banque du Zaïre
footnotes =The Central Bank of the Congo ( _fr. Banque Centrale du Congo) is the
central bankof the Democratic Republic of the Congo. The bank's main offices are on Boulevard Colonel Tshatshiin La Gombe in Kinshasa.
The central bank evolved step by step:
Royal Decree of 27th July 1887establishes the francas the money of account for the Independent State of Congo, Rwandaand Burundiare included as well.
Heligoland Agreement of 1890puts Rwanda and Burundi within the German sphere of influence in Africa; the German East African rupieis the official currency; circulation of the French franccontinues nonetheless.
*As a result of
Belgium's actions, the Belgian Congobecomes a member of the Latin Monetary Unionin 1908.
Bank of Belgian Congoestablished in 1909.
*Bank of Belgian Congo issues its first banknotes in 1912.
*Rwanda and Burundi attached to the
Congo Franc Zonefollowing Germany's defeat in World War I; 1927
Colony of Belgian Congoand the Bank of Belgian Congocreate a new relationship; 1927 - 1952
World War IIera: temporary involvement of the Bank of England; Congo francis listed in London.
Belgian Congo and Ruanda-Urundi Central Bank(BCCBRU) era; 1952 - 1960
Banque Centrale du Congo-Belge et du Ruanda-Urundi, or BCCBRU, a regional central bank, was dissolved after Congo's independence in 1960; the financial structure of the Belgian Congo's economy was reorganized and the Banque Nationale du Congowas created in 1964. As for Rwanda and Burundi:
Banque d' Emission du Rwanda et du Burundi(BERB) / (Issuing Bank of Rwanda and Burundi) - 1960 - 1964
Royal Bank of Burundi(BRB) and the Banque Nationale du Rwanda(BNR) open in 1964.
Banque de la République du Burundi(BRB) opens in 1966.)
As the Congo changed its name to
Zaire, in 1971, the Banque Nationale du Congobecomes Banque du Zaïre(Bank of Zaire). And when the country's name is reverted to Democratic Republic of the Congo, the bank took its current denomination of Banque Centrale du Congo. Jean-Claude Masangu Mulongois currently the governorof the Banque Centrale du Congo.
As far as the "Republic" of Congo is concerned, it is part of the group of countries served by the
Banque des Etats de l'Afrique Centrale, the Central African regional central bank.
As the DRC is much larger than
Alaska, the central bank has autonomous agencies located in the following locales: Kamina, Kasumbalesa, Kikwit, Tshikapa, Ileboand Matadi. [http://www.bcc.cd/dir2.htm]
Central banks and currencies of Africa
Economy of the Democratic Republic of the Congo
List of central banks
List of governors of the Banque Centrale du Congo
*fr icon [http://www.bcc.cd/go.html Official site of Banque Centrale du Congo]
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