Central Bank of the Congo
Seat of the BCC in Gombe, Kinshasa | |
| Headquarters | Gombe, Kinshasa, Democratic Republic of the Congo |
|---|---|
| Established | 30 July 1951 |
| Ownership | 100% state ownership |
| President | Malangu Kabedi Mbuyi |
| Central bank of | Democratic Republic of the Congo |
| Currency | Congolese franc CDF (ISO 4217) |
| Reserves | 770 million USD (2017) |
| Preceded by | Banque du Zaïre |
| Website | www |
The Central Bank of the Congo (French: Banque Centrale du Congo, Lingala: Ndaku Monene ya Bokéngeli 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 in goods and services across the market.
The bank is also engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On 5 May 2012 the Central Bank of Congo announced it would be making specific commitments to financial inclusion under the Maya Declaration.