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Central Bank of the Congo

The Central Bank of the Congo (French: Banque Centrale du Congo, Lingala: Ndaku Monene ya Bok??ngeli Mbongo ya Mboka Kongo), colloquially known by its acronym BCC, is the central bank of the Democratic Republic of the Congo. Its headquarters are located on Boulevard Colonel Tshatshi in Gombe, Kinshasa, surrounded by significant institutions including the Palais de la Nation, the National Library, and several government ministries. Established under Law No. 005/2002 of 7 May 2002, the Central Bank of the Congo operates as an independent entity with the legal capacity to engage in contracts, acquire and dispose of property, and participate in legal proceedings. Its capital is wholly owned by the Congolese state, as stipulated in Article 5 of the law. The bank's primary mandate is to define and implement the nation's monetary policy to ensure price stability, as outlined in Article 3. This responsibility includes monitoring price fluctuations...

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wikidata.org 0 views · 2024-12-26 21:18:06

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