Bank logo
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Headquarters | Kinshasa, Democratic Republic of the Congo |
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Established | 1997 |
President | Deogratias Mutombo Mwana Nyembo |
Central bank of | Democratic Republic of the Congo |
Currency |
Congolese franc CDF (ISO 4217) |
Preceded by | Banque du Zaïre |
Website | bcc.cd |
The Central Bank of the Congo (French: Banque Centrale du Congo) is the central bank of the Democratic Republic of the Congo. The bank's main offices are on Boulevard Colonel Tshatshi in La Gombe in Kinshasa.
The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On May 5, 2012 the Central Bank of the Democratic Republic of Congo announced it would be making specific commitments to financial inclusion under the Maya Declaration.
The central bank operates a network of regional branches across the DRC, the largest country in Sub-Saharan Africa. Branches can be found in Lubumbashi, Goma, Kamina, Kasumbalesa, Kikwit, Tshikapa, Ilebo and Matadi. In cities where the central bank is not present, a commercial bank can be appointed to represent it; Trust Merchant Bank performs such a role in Likasi and Kolwezi.
From 1886 to 1908, King Leopold II of Belgium ruled the Congo as his private domain. On July 27, 1887, he issued a royal decree that established the Franc as the money of account for the Congo Free State, and for Rwanda and Burundi. In 1890 the Heligoland-Zanzibar Treaty put Rwanda and Burundi within the German sphere of influence in Africa. Consequently, the German East African rupie became the official currency in those two colonies though the Franc continued to circulate there. In 1908, Belgium assumed responsibility for the Congo, taking it from Leopold; as a result, the Belgian Congo became a member of the Latin Monetary Union.