A Modern History of Monetary and Financial Systems of Congo, 1885-1995
This study addresses the modern history of money and finance in the region of the current Democratic Republic of Congo during the period 1885-1995. It explores everything from the devices used as money in the Ancient Kingdom, the monetary and financial provisions set up for the Congo Free State, an examination of the colonial period, then an analysis of the monetary and financial dimension of major political events and unrest that occurred in Congo since June 1960. The study ends with a focus on the political background of the Congolese monetary and financial collapse of the early 1990s which was marked with periods of hyperinflation.
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Traditional Money and Exchange Mechanisms
Money and Finance in the Congo Free State 18851908
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Africa agreement amount analysis authorised bank deposits bank money banking institutions banknote and coin banknotes Banque du Congo Banque du Zaire Banque Nationale BCCBRU Beaugrand Belgian Congo Belgium budget deficit capital cash Cattier cent centimes Central Bank chapter coin circulation companies Congo Beige Congo Free Congolese banks Congolese Franc copper Couronne cowries Dartevelle debt decline Decree devaluation Domaine economic established exchange rate expenditure foreign currencies foreign exchange reserves Franc funds gold Government hyperinflation implementation imported increase inflation investment issued July Katanga King Leopold Kingdom of Congo Kinshasa Latin Monetary Union loans Luanda Mahieu medium of exchange mentioned earlier metropolitan million mitako monetary and financial money supply Nationale du Congo November nzimbu overall period population Portuguese President Mobutu regard region result revenue River Congo Ruanda-Urundi sector shells Table territory trade traditional transactions Treasury volume Wertz