The statutes of the BCC state that its board of directors shall have eight members who are chosen from the Comorian Government, the French Central Bank (Banque de France) and the French government. The post of Deputy Director of the Central Bank of the Comoros is held by a Banque de France official, who is responsible for monetary policy. Since 19 November 1999, all the central bank's official rates have been pegged to the Euro Overnight Index Average (EONIA) leading to a stabilisation of interest rate differentials with the euro.
The BCC applies a compulsory reserves system (30% of deposits) and a bank monitoring system. The headquarters are located in Moroni.
Banking systemedit
The Comorian banking system is constituted of six different banks: the Central Bank (BCC); the Banque pour l'Industrie et pour le Commerce-Comores (BIC-C), the Banque de Développement des Comores (BDC), the Banque Fédérale de Commerce (BFC), the Exim Bank Comores SA and the Société Nationale des Postes et des Services Financiers (SNPSF). In addition, two mutual savings banks (SANDUK and MECK) play a role.
One of the roles of the Central Bank of the Comoros is to approve the establishment of new banks on all three islands of the Union of Comoros (Grande-Comore, Anjouan and Mohéli).
Governorsedit
The governor is appointed for a five-year term.[3]
central, bank, comoros, central, bank, comros, arabic, البنك, المركزي, لجزر, القمر, french, banque, centrale, comores, central, bank, comoros, group, islands, indian, ocean, banque, centrale, comores, central, bank, moroniheadquartersmoroni, comorosestablished. The Central Bank of the Comros Arabic البنك المركزي لجزر القمر French Banque Centrale des Comores BCC is the central bank of the Comoros a group of islands in the Indian Ocean Central Bank of the ComorosBanque Centrale des Comores BCC Central Bank in MoroniHeadquartersMoroni ComorosEstablished1 July 1981 1 Ownership100 state ownership 2 PresidentYounoussa ImaniCentral bank ofComorosCurrencyComorian francKMF ISO 4217 Reserves180 million USD 2 Preceded byInstitut d Emission des ComoresWebsitewww banque comores km Contents 1 Operations 2 Banking system 3 Governors 4 See also 5 References 6 External linksOperations editThe statutes of the BCC state that its board of directors shall have eight members who are chosen from the Comorian Government the French Central Bank Banque de France and the French government The post of Deputy Director of the Central Bank of the Comoros is held by a Banque de France official who is responsible for monetary policy Since 19 November 1999 all the central bank s official rates have been pegged to the Euro Overnight Index Average EONIA leading to a stabilisation of interest rate differentials with the euro The BCC applies a compulsory reserves system 30 of deposits and a bank monitoring system The headquarters are located in Moroni Banking system editThe Comorian banking system is constituted of six different banks the Central Bank BCC the Banque pour l Industrie et pour le Commerce Comores BIC C the Banque de Developpement des Comores BDC the Banque Federale de Commerce BFC the Exim Bank Comores SA and the Societe Nationale des Postes et des Services Financiers SNPSF In addition two mutual savings banks SANDUK and MECK play a role One of the roles of the Central Bank of the Comoros is to approve the establishment of new banks on all three islands of the Union of Comoros Grande Comore Anjouan and Moheli Governors editThe governor is appointed for a five year term 3 Name Took office Left officeSaid Mohamed Mshangama 1978 1981 director 4 Mohamed Halifa 1981 1996 4 Said Ahmed Said Ali 1996 2002 4 Ibrahim Ben Ali 2002 2005 4 Ahamadi Abdoulbastoi 2005 2010 4 Mze Abdou Mohamed Chanfiou 2011 2017Younoussa Imani 2017 Incumbent 3 See also editBanque de Madagascar Central banks and currencies of Africa Economy of Comoros List of banks in the Arab world List of central banks Comorian franc Institut d EmissionReferences edit Central Bank of the Comoros Retrieved 29 August 2012 a b Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek a b Central Bank of Comoros Central Banking 12 August 2015 a b c d e Banque Centrale des Comores Histoire External links edit in French Official site of Banque Centrale des Comores nbsp Banks portal nbsp This African bank or banking related article is a stub You can help Wikipedia by expanding it vte nbsp This Comoros related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Central Bank of the Comoros amp oldid 1214539723, wikipedia, wiki, book, books, library,
