BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Comoros Central Bank of the Comoros   The Central Bank of the Comoros (French: Banque Centrale des Comores, BCC) is the central bank of the Comoros, a group of islands in the Indian Ocean. The BCC head office are located in Moroni.   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) and it applies a compulsory reserves system (30% of deposits) and a bank monitoring system. 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. 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 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 Ltd and the Société Nationale des Postes et des Services Financiers (SNPSF). In addition, two mutual savings banks (SANDUK and MECK) play a role. Central Bank of Comoros HQ Address: Place de France BP 405 Moroni Comoros Telephone: +269 773 18 14 Facsimile: +269 773 03 49 Website: www.banque-comores.km Currency: Comoros Franc Banking Hours: Monday - Thursday 7:00am - 12.00pm                    Friday 7:00am - 11.30am   Vision of the Central Bank is to be one of the leading central banks at the regional and international levels in maintaining the financial and monetary stability in such a way as may contribute to the realization of sustained economic growth and reinforce the international confidence in the banking credibility.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved