Codification of Foreign Exchange Operations

BANQUE CENTRALE DU CONGO Kinshasa, le 18 MAI 2002 D.15/Gouv. n° 00590

LE VICE-GOUVERNEUR

A Monsieur le Président de l'Association Congolaise des Banques (A.C.B.) KINSHASA/GOMBE.

Monsieur le Président,

Concerning: Implementation of the New Codification of Foreign Exchange Operations.

Subsidiary to letter D.15/Gouv. no 00590 of May 18, 2002, by which the Central Bank transmitted to you the Texts on the New Codification of Foreign Exchange Operations, I ask you to inform all your members of the following amendments made to these texts:

1. Banks are no longer required to withhold the CCA on the foreign exchange control fee collected on behalf of the Central Bank, as set out in Administrative Instruction D.15/Gouv/no 00490 of May 2, 2002;

2. In point 3.2 regarding operation codes on revenue and expense declarations, a mention "Others" is added for the recording of income and capital flows.

3. Regarding tables 1 and 2 monthly in national currency, the rate to be applied remains the end-of-period rate.

However, please note that the effective date for these new provisions is set for November 1, 2002.

Please accept, Mr. President, the assurance of my distinguished consideration.

BANQUE CENTRALE DU CONGO Kinshasa, le 18 MAI 2002 D.15/Gouv. n° 00590

LE GOUVERNEUR

Association Congolaise des Banques «A.C.B.» KINSHASA/GOMBE

Concerning: The publication of Administrative Instructions and the New Codification of Foreign Exchange Operations.

Mr. President,

In application of articles 56 and 57 of the February 2002 Foreign Exchange Regulation, I am disseminating in attachment to this letter the New Codification of Foreign Exchange Operations. This codification defines the various codes used to correctly intercept foreign exchange operations carried out by authorized banks, the procedure for collecting the foreign exchange control fee and transmitting to the Central Bank of Congo proof of payment of these amounts. The same instruction sets the penalties in case of late payment of the fee amount and/or late transmission of the related statements.

2. Administrative Instructions relating to the preparation of statistical data on foreign exchange operations and their transmission to the Central Bank of Congo by authorized banks. This instruction determines the procedure to be followed by banks for the preparation and transmission to the Central Bank of Congo of the statistical data; it also sets the deadlines for transmission and the penalties for late submission of statistical tables.

3. Administrative Instruction relating to the New Codification of Foreign Exchange Operations. This instruction defines the different codes used to correctly intercept foreign exchange operations. This codification consists of identifying, by appropriate codes, the various foreign exchange operations that have taken place between residents and non-residents as well as other operations in foreign currencies or concepts related to them. Thus defined, the codification is a base matrix for entering and intercepting all data used to prepare the country's balance of payments.

The current presentation is a harmonization of the different codes in foreign exchange operations inspired by the 5th IMF Manual on the Balance of Payments.

Please accept, Mr. President, the assurance of my distinguished consideration.

J.C. MASANGU MULUNGO Governor

BANQUE CENTRALE DU CONGO Kinshasa, le 02 MAI 2002 D15/Gouv/n° 00490

LE GOUVERNEUR

AUX BANQUES AGREEES A KINSHASA/GOMBE

Messieurs,

Concerning: Administrative Instructions relating to the collection and payment of the foreign exchange control fee.

Referring to the provisions of articles 3, 4 and 5 of the Foreign Exchange Regulation in force in the DRC, relating to the Foreign Exchange Control Fee, I communicate to you below the instructions in this matter, to be observed by the banks.

1. Collection of the Foreign Exchange Control Fee

Banks are required to calculate, every 15 days, the amount of the fee collected on all foreign exchange operations and to credit the Central Bank of Congo no later than the 1st and 16th of each month, in the RME accounts in USD and EURO opened with the concerned bank.

The payment orders and credit notices to be drawn up for this purpose must indicate the following mention: "Foreign Exchange Control Fee - period from [date] to [date]".

Amounts received in currencies other than USD and EURO must be subject to arbitrage in USD and credited to the RME account in this currency. In this case, in addition to the aforementioned mention, the payment orders and credit notices must specify the currency and amount of collection as well as the exchange rate, which must be the average of the period.

It should be recalled to the attention of the authorized intermediaries concerned that the amount of the fee cannot, per operation, be less than 1 USD.

2. Transmission of proof of payment of the Foreign Exchange Control Fee

After payment, each authorized bank must transmit the originals and a copy of the credit notice and the statement to the Directorate of Foreign Services, models of which are in the annex.

The aforementioned documents must be transmitted to the Central Bank of Congo according to the following deadlines:

• no later than two working days after the date of payment for the originals of the credit notices;
• no later than four working days after the date of payment for the copies of the credit notices, accompanied by the statements of the foreign exchange control fee.

Finally, I remind you of the provisions of Article 5 of the Foreign Exchange Regulation in force which prohibit the refund of the amount already collected as foreign exchange control fee in case of cancellation of the operation.

Each authorized bank that pays the fee or transmits its statements late to the Central Bank of Congo is penalized as follows:

a) Late payment of the fee The penalty per day of delay is 0.5% of the equivalent in national currency of the total amount of the fee.

b) Late transmission of statements The penalty will be calculated based on the file fee rate increased by 10% of this rate for each annex, to be multiplied by the number of days of delay.

The penalty amounts will be recorded in a "Statement of Anomalies" which will be sent to each bank, to be paid according to the deadline set by said statement.

Regarding the CCA to be withheld on the foreign exchange control fee, it will be calculated in national currency and credited directly to the Treasury account no. 13101 opened at the Central Bank of Congo. However, the CCA must not be withheld on operations passed in the accounts of non-residents.

J.C. MASANGU MULUNGO Governor

c.c. Mr. the Minister of Economy, Finance and Budget

• FEe
• ACB
• Supervision of Financial Intermediaries
• Directorate of Foreign Services
• Studies
• Accounting
• Credit and Financial Markets
• IT and Operational Research
• Internal Audit
• Legal

BANQUE CENTRALE DU CONGO DIRECTION DES SERVICES ETRANGERS

BANQUE: CODE PERIODE DU ........ AU ........

STATEMENT OF AMOUNTS OF THE FOREIGN EXCHANGE CONTROL FEE DUE ON DAILY FOREIGN EXCHANGE OPERATIONS IN USD AND EURO.

AMOUNTS CURRENCIES (Sigle) Ref. Credit Notice:

• Account in USD ........................
• Account in EURO :

AUTHORIZED SIGNATURES AND STAMP OF THE AUTHORIZED BANK

BANQUE CENTRALE DU CONGO DIRECTION DES SERVICES ETRANGERS

BANQUE: CODE PERIODE DU ........ AU ........

STATEMENT OF AMOUNTS OF THE FOREIGN EXCHANGE CONTROL FEE DUE ON FOREIGN EXCHANGE OPERATIONS DENOMINATED IN F.C. OTHER THAN USD AND EURO.

CURRENCIES AMOUNTS EXCHANGE RATE (Sigles) FOR ARBITRAGE IN USD TOTAL

Ref. Credit Notice: Account in USD ........................ Authorized signatures and Stamp of the Authorized Bank

BANQUE CENTRALE DU CONGO LE GOUVERNEUR Kinshasa, le 02 MAI 2002 D15/Gouv/n° 00491

ADMINISTRATIVE INSTRUCTIONS RELATING TO THE PREPARATION OF STATISTICAL DATA ON FOREIGN EXCHANGE OPERATIONS AND THEIR TRANSMISSION TO THE CENTRAL BANK BY AUTHORIZED BANKS

In accordance with the provisions of article 57 of the February 2002 Foreign Exchange Regulation, banks have the obligation to establish and communicate daily and monthly to the Central Bank of Congo / Directorate of Foreign Services, a recapitulative of all payments made in receipts and expenses, referring to the New Codification of Foreign Exchange Operations.

In application of the above, the Central Bank of Congo issues below the provisions relating to the preparation and transmission, by banks, of the required statistical data, in conformity with the documents below:

1. Table 1 - Foreign Exchange Position:
2. Table 2 - Recapitulative Statement of Foreign Exchange Operations in Receipts (2A) and in Expenses (2B).
3. Supporting Documents - Declarations of Expenses in Foreign Currencies (DJE)

• Declarations of Receipts in Foreign Currencies (DRE);

4. Declarations for Export and Import of Goods and Services (Models «EB», «IB», «ES», «IS», «RC» ).

PRESENTATION OF FOREIGN EXCHANGE DOCUMENTS

1. TABLE 1 - FOREIGN EXCHANGE POSITION

1.1. Presentation of Table 1 - "Foreign Exchange Position"

Table 1 or "Foreign Exchange Position", model in annex, describes the respective structures of the stocks of assets and liabilities in foreign currencies of a bank at a given date as well as the proof of these stocks with respect to the flows of foreign exchange operations carried out in the period (day/month) preceding this date.

Table 1 comprises three parts:

• the "ASSETS" part = registers the on-balance sheet and off-balance sheet accounts in foreign currencies;
• the "LIABILITIES" part = describes the off-balance sheet accounts in foreign currencies;
• the "PROOF" part reserved for reconciliation elements between the stocks and the flows of foreign exchange operations of the period preceding the stock inventory date.

However, the "Liabilities" part also includes a zone reserved for the calculation of the "NET" Foreign Exchange Position.

This table is subdivided into columns reserved for:

• headings,
• control total,
• different currencies of a heading.

1.2. Establishment of "Table 1" - "Foreign Exchange Position".

At the end of each day - the last working day of each month, the Headquarters and Branches of authorized banks that maintain a separate foreign exchange position must establish the status of their assets and liabilities in foreign currencies recorded in their books, using a table titled "Table 1" or "Foreign Exchange Position" of authorized banks.

The daily or monthly Table 1 is established in two copies:

• The first in foreign currencies;
• The second in national currency (NC).

The Table 1 denominated in national currency (NC) is established on the basis of the one in foreign currencies converted at the rate of the period (day/month) concerned. In case of decimals, the amount is rounded.

The columns by currency of Table 1 in foreign currencies record the amounts resulting from the balances of accounts in various foreign currencies held in the books of the concerned bank.

These columns are filled horizontally from the amounts of each operation heading, respecting the sequential series of currency codes and indicating the sigils of these at the head of each column.

The "control total" column records the total sum of all amounts added vertically and horizontally without regard to the nature of the currency.

The reconciliation of the totals of the Assets and Liabilities allows to determine the "NET" foreign exchange position.

P.C.N = A - L. The result thus obtained must be confirmed by the proof part.

When establishing Table 1, banks will take care to verify the accuracy of the net foreign exchange positions calculated currency by currency based on the elements provided in the "Proof" part. In this regard, banks must note the following:

• positions at the end of a previous period (day/month) in question in the "PROOF" part must be identical to the "NET" positions recorded on Table 1 at the end of this previous period;
• the total amounts of the recapitulative statements of foreign exchange operations in receipts and expenses of the period (day/month) concerned must be respectively recorded in the headings:

• Receipts of the period (day/month);
• Expenses of the period (day/month);

• "NEW" foreign exchange positions at a given date must correspond to the "NET" positions calculated on the one hand based on the total of external assets and liabilities and on the other hand based on the elements cited in the "PROOF" part of Table 1.

Any discrepancies would indicate errors in the recording of these foreign exchange operations (in Receipts and/or Expenses) of the period or in the census of external assets and liabilities at the end of the current or previous period.

Before transmitting Table 1 to the Central Bank, banks will take care to verify the concordance of the elements constituting their external assets and liabilities recorded on Table 1 with the corresponding elements recorded in the monthly active and passive statements.

Attached to the daily Table 1 is the average daily exchange rate, while attached to the monthly Table 1 are the following:

1. Monthly average exchange rate

2. Monthly Table 1 in national currency at the end-of-period rate.

3. Monthly average exchange rate.

4. Active/passive situation.

5. Statistical table relating to the situation and movements of external resources of authorized banks.

6. TABLE 2 - RECAPITULATIVE STATEMENT OF FOREIGN EXCHANGE OPERATIONS INCOMING FOREIGN CURRENCIES (2A) AND OUTGOING FOREIGN CURRENCIES (2B)

2.1. Presentation of Table 2.

Table 2 or "Recapitulative Statement of Foreign Exchange Operations in Receipts and Expenses", model in annex, is a recapitulative statement of foreign exchange operations and means of coverage carried out by a bank during a given period (day/month).

It comprises two sections:

• The 1st section called Table "2A" registers the actual receipts in foreign currencies and the operations posted to the debit of foreign currency accounts opened to residents as well as non-residents;
• The 2nd section called Table "2B" records the actual expenses in foreign currencies and the operations posted to the credit of foreign currency accounts opened to residents as well as non-residents.

Each section (2A/2B) is subdivided into two parts:

• the upper part: intended for foreign exchange operations grouped into 9 major headings of the balance of transfers;
• the lower part: reserved for operations of means of coverage.

The headings of each part contain necessary indications and appropriate codes allowing the correct identification of various types of foreign exchange operations and means of coverage carried out during a given period between residents and non-residents in the Democratic Republic of Congo.

The columns of Table 2 are reserved for:

• headings,
• control total;
• amounts expressed in different foreign currencies in which the operations were carried out.

2.2. Establishment of Table 2.

To take into account the nature of the operations to be entered in the different headings of Table "2A - 2B", banks will use the "operation codes" as labeled in the "New Codification of Foreign Exchange Operations".

Table 2 is filled daily for the operations of the given day and monthly for the sum of daily operations (day/month) concerned. In the event of absence of operations, it bears the mention "NONE" in the amount columns.

Table 2 is established in units of foreign currencies or in units of account quoted by the Central Bank. In case of decimals, the amount is rounded.

The columns of Table 2 reserved for the various foreign currencies are filled horizontally with the amounts of each operation heading, currency by currency, respecting the sequential series of currency codes and indicating the sigils of these at the head of each column.

Attached to the daily Table 2 are the daily exchange rate and the declarations of expenses and receipts in foreign currencies, while attached to the monthly Table 2 is the monthly average exchange rate.

The "control total" column records the total sum of all amounts added vertically and horizontally without regard to the nature of the currency.

The monthly Table 2 must also be established in national currency by converting foreign currencies at the monthly average rate of the concerned commercial bank.

Banks are required to indicate the exchange rates applied for the preparation of Table 2A/2B.

3. SUPPORTING DOCUMENTS: DECLARATIONS OF RECEIPTS AND EXPENSES IN FOREIGN CURRENCIES.

3.1. Presentation of declarations of receipts and expenses in foreign currencies.

The declaration of receipt or expense in foreign currencies is a document that provides information on the various elements of a foreign exchange and/or means of coverage operation carried out during a given day.

Any payment in foreign currencies in receipt or expense must be justified daily by the establishment of a given type of form called "declaration of expense or receipt". Banks will, as the case may be, establish these declarations to justify external payments and/or means of coverage operations recorded in the recapitulative statements of foreign exchange operations.

Banks are required to attach to the daily Table 2A/2B the originals of the declarations of receipts and expenses in foreign currencies to justify the amounts recorded therein.

They are required to indicate on the upper part of Table 2A/2B the respective number of declarations of expenses and receipts attached.

The declarations of receipts and expenses are subdivided into 2 categories:

• the first registers foreign exchange operations;
• and the second registers operations of means of coverage including arbitrages.

BANQUE CENTRALE DU CONGO Page 1

1 TABLEAU 1 NOM DE LA BANQUE: CODE BANQUE: DATE:

EXTERNAL ASSETS AND LIABILITIES: FOREIGN EXCHANGE POSITION

CURRENCIES CONTROL TOTAL HEADINGS TOTAL ASSETS TOTAL ASSETS 1 MONETARY GOLD 1 1 Monetary gold on deposit 1 2 Monetary gold available 1 2 1 Monetary gold in pledge 1 2 2 Monetary gold to be received 2 INTERNATIONAL MONETARY FUND (IMF) 2 1 Allocation in SDR 2 1 1 Demand deposits in SDR 2 2 Reserve position in the IMF 2 2 1 Deposits 2 2 2 Loans 3 CENTRAL BANK 3 1 Available 3 1 1 Available 3 2 Other 3 2 1 Short-term accounts 3 2 2 Medium and long-term accounts 4 FOREIGN CURRENCY ASSETS 4 1 Cash 4 1 1 Cash 4 2 Correspondents 4 2 1 Demand deposits 4 2 2 Call money 4 2 3 Short-term placement 4 2 4 Medium and Long-term placement 4 2 5 Provisions for covered exchange credits 4 2 6 Other 4 3 Other short-term receivables 4 3 1 From branches and agencies 4 3 2 Collections 4 3 3 Other 4 4 Securities 4 4 1 Commercial paper portfolio 4 4 2 Debtors by acceptance 4 4 3 Public bonds 4 4 4 Other securities 5 OTHER RECEIVABLES 5 1 Other receivables 5 1 1 Other receivables B. TOTAL OFF-BALANCE SHEET B 1 LIABILITIES RECEIVED FROM FINANCIAL INTERMEDIARIES B 1 1 Central Bank rediscount agreements B 1 1 Central Bank rediscount agreements B 1 2 Other refinancing agreements B 1 2 1 Other refinancing agreements B 1 3 Guarantees-Avals-Endorsements-Acceptances-Others B 1 3 1 Guarantees-Avals-Endorsements-Acceptances-Others B 2 REAL GUARANTEES RECEIVED OUTSIDE MONEY MARKETS B 2 1 Real guarantees received outside money markets B 2 1 1 Real guarantees received outside money markets B 3 SPOT FOREIGN EXCHANGE OPERATIONS B 3 1 Currencies bought or borrowed and not yet received B 3 1 1 Currencies bought or borrowed and not yet received B 4 FORWARD FOREIGN EXCHANGE OPERATIONS B 4 1 Currencies to be received against Congolese Francs (Financial Institutions) B 4 1 1 Currencies to be received against Congolese Francs (Financial Institutions) B 4 2 Currencies to be received against Congolese Francs to be delivered (Clients) B 4 2 1 Currencies to be received against Congolese Francs to be delivered (Clients)

1 CENTRAL BANK OF THE CONGO NAME OF THE BANK: CODE BANK: DATE: TABLEAU 1 FOREIGN ASSETS AND LIABILITIES: FOREIGN EXCHANGE POSITION CURRENCIES TOTALS CONTROL TOTAL LIABILITIES • TOTAL ASSETS 1 CREDITS TO THE INTERNATIONAL MONETARY FUND 1 1 Credits to IMF 1 Credits to IMF ; 2 FOREIGN CURRENCY LIABILITIES , 2 1 Correspondents : 2 1 1 Demand liabilities : 2 1 2 Call money : 2 1 3 Short-term liabilities : 2 1" Medium and long-term liabilities : 2 1 5 Uncovered foreign exchange credits in force ~ : 2 1 6 Unpaid foreign exchange credits ~ ••• ::2 2 Resident Accounts in Foreign Currencies ::221 Demand E 2 Time :: 2 3 Non-Resident Accounts in Foreign Currencies E231 Demand E 2 3 2 Time E 2" Provisions for covered foreign exchange credits E 2 "1 Provisions for covered foreign exchange credits É25 Securities 1 Bank Acceptances 1::,52 Commercial effects in force E 2 5 3 Commercial effects due and unpaid E 2 5" Arrears of "Invisibles" E 3 OTHER LIABILITIES E 3 1 Other liabilities E 3 1 1 Other liabilities F. OFF-BALANCE SHEET TOTAL F 1 LIAB. IN FAVOR OF OR ON BEHALF OF FIN. INTERMEDIARIES F 1 1 Refinancing agreements F 1 Refinancing agreements F 1 2 Confirmation of credit openings F 1 2 1 Confirmation of credit openings F 1 3 Guarantees-Avals-Endorsements-Acceptances-Others F 1 3 1 Guarantees-Avals-Endorsements-Acceptances-Others F 2 LIAB. IN FAV. OF OR ON BEHALF OF THE CLIENTELE F 2 1 Acceptances or payment engagements F 2 1 1 Acceptances or payment engagements F 2 2 Opening of documentary credits F 2 2 1 Opening of documentary credits F 2 3 Other credit openings F 2 3 1 Other credit openings F 2 •• CauIIonMvaIs 11\ _ guarantees.en fsv. O<g.De crlodb f 2 ,41 CauIIons-AvaI&et .wes ~. en fsv. O<g.De crlodb '~. REAL GUARANTEES GRANTED OUTSIDE MONEY MARKETS. 'F3 1 Real guarantees granted outside money markets. F 3 1 1 Guar. Real €XlOféréeshors money markets F 4 SPOT FOREIGN EXCHANGE OPERATIONS F •• 1 Currencies sold or lent and not yet delivered F •• 1 1 Currencies sold or lent and not yet delivered F 5 FORWARD FOREIGN EXCHANGE OPERATIONS F 5 1 Congolese Francs, received Against Currencies• to deliver(O<g.Floanlers) F 5 11 Congolese Francs, rec.Against Currencies, to deliver(O<g.Floanlers) F 5 2 Congolese Francs • rec. Against currencies , lil/rer(Cienlèle) f 5 2 1 Congolese Francs • rec. Against currencies to deliver(Clientele) F 6 TRAVELER'S CHEQUES IN DEPOSITS AND ASSIMILATED F 6 1 Traveler's cheques in deposits and assimilated F 6 1 1 Traveler's cheques in deposits and assimilated F 7 FOREIGN EXCHANGE RISKS F 7 1 Foreign exchange risks F 7 1 1 Foreign exchange risks NET FOREIGN EXCHANGE POSITION (2) lA • E) Positive Negative lU. PART PROOF POSITION OF THE PREVIOUS MONTH /2\ Positive Negative RECEIPTS OF THE PERIOD EXPENSES OF THE PERIOD NEW POSITION /2\ POSlV8 Négatlve , (1) For table 1 the MEASURED at the end of the last day of the month (2)Pod>H,IIA> E / ~,"A<E 1 A......................• Ie / .I.. fI/. Signature (a> authorized (s) .#" /

CENTRAL BANK OF THE CONGO TABLEAU 21 NAME OF THE BANK: BANK CODE: DATE: SUMMARY STATEMENT OF FOREIGN EXCHANGE OPERATIONS Tableau 2A: Inflows of foreign currencies. , ~ONNAIES :lOE HEADINGS . TOTAL OF CONTROL 1 GOODS 211 Exports , 212 Purchase of goods by non-resident carriers making a stop on the national territory :2 SERVICES 213 Non-monetary gold 221 Transport 214 Equipment and military supplies 222 Travel 223 Other services l3 INCOME AND CURRENT TRANSFERS 231 Remuneration of employees '-...232 Investment income ~ Current transfers CAPITAL 241 Capital transfers ; 242 Acquisition of non-financial non-produced assets i26 DIRECT INVESTMENTS 251 Affiliated enterprises 1 252 Direct investment enterprises 2 6 PORTFOLIO INVESTMENTS 261 Equity securities 262 Debt securities - 27 OTHER INVESTMENTS 271 Trade credits 2n Export pre-financing 273 Loans 274 Currency and deposits 275 Other assets 2 a RESERVE ASSETS lf\ 282 Special Drawing Rights 281 Monetary gold 1\ 283 Reserve position in the IMF 28,4Foreign currency assets ~ Other claims 2 9 RECONCILIATION OPERATIONS 291 Reversal of entries 292 Operations to be justified TOTAL OF THE TRANSFERS BALANCE COVERAGE MEANS: R1 Operations between banks R2 Operations on the account abroad R3 Arbitrage R4 Debit in RME account R5 Debit in NRME account R6 Internal operations R7 Commercial and invisible arrears R8 Forward operations in foreign currencies TOTAL OF COVERAGE OPERATIONS GENERAL TOTAL FOREIGN EXCHANGE CONTROL FEE A .....................• le / .1 . Signature (s) authorized (s)

CENTRAL BANK OF THE CONGO TABLEAU 21. NAME OF THE BANK: BANK CODE: . . DATE: SUMMARY STATEMENT OF FOREIGN EXCHANGE OPERATIONS Tableau 28: Outflows of foreign currencies. b CURRENCIES r· CODE HEADINGS _ 31 GOODS 1 311 Imports 1 non-residents making a stop on ., 312 Purchase of goods by carriers the national territory 313 Non-monetary gold 314 Equipment and military supplies 321 Transport 32 SERVICES 322 Travel 323 Other services 331 Remuneration of employees 3 3 INCOME AND CURRENT TRANSFERS 332 Investment income 333 Current transfers 341 Capital transfers :.... _...._CAP.JIA~.~... 342 Disposal of non-financial non-produced assets 351 Affiliated enterprises 3 6 DIRECT INVESTMENTS 352 Direct investment enterprises 361 Equity securities 3 6 PORTFOLIO INVESTMENTS 362 Debt securities 371 Trade credits 3 7 OTHER INVESTMENTS 372 Export pre-financing 373 Loans 374 Currency and deposits 375 Other liabilities 381 Obligations and other commitment securities 3 a RESERVE COMMITMENTS 382 Deposits 383 Other reserve commitments ..39 RECONCILIATION OPERATIONS \ 31 Reversal of entries 392 Operations to be justified TOTAL OF THE TRANSFERS BALANCE COVERAGE MEANS: Di Operations between banks D2 Operations on the account abroad D3 Arbitrage, -1. 'i-- D5 l[)jbf ~ëOmpte N.R.M.E. D6 Internal operations D7 IAmèrés commercial and invisible D8 Forward operations in foreign currencies TOTAL OF COVERAGE OPERATIONS GENERAL TOTAL FOREIGN EXCHANGE CONTROL FEE 1 A le .1 .1 fj S.""ore ('1''''''''' ('1 ~ ~

BEFORE FILLING OUT THIS DOCUMENT, READ THE REMARKS AT THE BOTTOM OF THE PAGE CENTRAL BANK OF THE CONGO DECLARATION TYPE CODE: r : DECLARATION OF RECEIPTS IN FOREIGN CURRENCIES AUTHORIZED BANK CODE POSTING NUMBER: ________ 1 EXECUTION DATE (1) DATA TO BE COMPLETED BY THE AUTHORIZED BANK

1. HOLDER OF THE DOCUMENT AUTHORIZATION OR BENEFICIARY OF THE OPERATION NAME ADDRESS: NID.NAT. LLLll.lJJ '!) NUMBER OF THE DECLARATION ·LLLLLlJ
2. OPERATION: 3.1 DESCRIPTION, AS STATED IN THE CODIFICATION OF FOREIGN EXCHANGE OPERATIONS (2) 3.2 CODES: 1. FOB

2. FREIGHT
3. CUSTOMS TARIFF CODE OPERATION CODE CURRENCY CODE AMOUNT CURRENCY COUNTRY LLLL.lJ LLLL.lJ u.u.u w Ul.J W Ul.J W Ul.J LLLLLLW
4. DATE OF ESTABLISHMENT OF THE DECLARATION SIGNATURE(S) BINDING THE BANK VALIDLY IMPORTANT REMARKS • Please write legibly in printed characters. When there are boxes, write one digit per box aligning from right to left.

• For a given date, indicate the digits for the day, month, and year. Example: 22 September 2002 5 November 2002 (1) This date must correspond to that of the establishment of Table 2A •. (2) If no label from the codification of foreign exchange operations corresponds to the operation, describe it briefly.

BEFORE FILLING OUT THIS DOCUMENT, READ THE REMARKS AT THE BOTTOM OF THE PAGE CENTRAL BANK OF THE CONGO DECLARATION OF EXPENSES IN FOREIGN CURRENCIES DECLARATION TYPE CODE: AUTHORIZED BANK CODE '---- ---il POSTING NUMBER: EXECUTION DATE (1) DATA TO BE COMPLETED BY THE AUTHORIZED BANK

1. HOLDER OF THE DOCUMENTAUTHORIZATION OR BENEFICIARY NAME (J./!.) D,J2l;OPEijAJION T)! 0 fi. t,t,)F.· / / ,/ / , NAME ADDRESS: N° ID. NAT. ~

.. NUMBER OF THE. DECLARATION . . . 3) OPERATION: 3.1 DESCRIPTION, AS STATED IN THE CODIFICATION OF FOREIGN EXCHANGE OPERATIONS (2) 3.2 CODES: 1. FOB 2. FREIGHT 3. INSURANCE '-1. {l~' '.A CODE OPERATION CODE CURRENCY CODE COUNTRY 4. CUSTOMS TARIFF 5. DATE OF ESTABLISHMENT OF THE DECLARATION AMOUNT CURRENCY WliJ I.. J \ t\ 1 WUJJ WUJJ b!-J 4+1
SIGNATURE(S) BINDING THE BANK VALIDLY IMPORTANT REMARKS

• Please write legibly in printed characters. When there are boxes, write one digit per box aligning from right to left. • For a given date, indicate the digits for the day, month, and year. Example: 22 September 2002 5 November 2002 (1) This date must correspond to that of the establishment of Table 28 (2) If no label from the codification of foreign exchange operations corresponds to the "operation, describe it briefly. } ~>

CENTRAL BANK OF THE CONGO DECLARATION TYPE CODE: AUTHORIZED BANK CODE POSTING NUMBER: DATE OF TABLE 2A t!l.!J rn:o COVERAGE MEANS DECLARATION OF RECEIPTS RECEIPT CODE ORDER GIVER LINES OPERATION CURRENCIES 01 Sigle Code INDICATIVE AMOUNT (1) NAME-CORPORATE NAME 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 TOTAL CONTROL Date of establishment of the declaration: . Signature(s) binding the bank validly: (1) Enter: • for banks, bank code; • for holders of accounts abroad, name or corporate name. /7 / 1•. ..

CENTRAL BANK OF THE CONGO DECLARATION TYPE CODE: AUTHORIZED BANK CODE POSTING NUMBER: DATE OF TABLE 2B I.!I!J lIDJ COVERAGE MEANS DECLARATION OF EXPENSES EXPENSE CODE BENEFICIARY LINES OPERATION CURRENCIES 01 Sigle Code INDICATIVE AMOUNT (1) NAME-CORPORATE NAME 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 TOTAL CONTROL Date of establishment of the declaration: . Signature(s) binding the bank validly: (1) Enter: • for banks, bank code; • for holders of accounts abroad, name or corporate name. 1 i; •• ••

BANQUE CENTRALE DU CONGO DECLARATION TYPE CODE: ~ AUTHORIZED BANK CODE: IIDJ POSTING NUMBER: J 1 DATE OF TABLE 2A/2B: ~-&~~~~~~~ JUSTIFICATION OF ARBITRAGES CODE PURCHASE OF CURRENCIES (Receipts) CODE SALE OF CURRENCIES (Expenses) LINES OPERATION CURRENCIES LINES OPERATION CURRENCIES 01 R3 Sigle Code AMOUNT 01 D3 Sigle Code AMOUNT 02 R3 02 03 03 R3 03 03 04 R3 04 D3 05 R3 05 D3 06 R3 06 D3 01 R3 07 D3 08 R3 08 D3 09 R3 09 D3 10 R3 10 D3 11 R3 11 D3 12 R3 12 D3 13 R3 13 D3 14 R3 14 03 15 R3 15 D3 16 R3 16 03 17 R3 17 D3 18 R3 18 D3 19 R3 19 D3 20 R3 20 D3 TOTAL CONTROL Date of establishment of the declaration: . Signature(s) binding the bank validly: Note: Use the same line for the two movements of an arbitrage. 1 Ir. ..

BANQUE CENTRALE DU CONGO Kinshasa, on D.15/Gouv. n° o Z MAY 2002 00492 THE GOVERNOR TO AUTHORIZED BANKS KINSHASA /GOMBE Gentlemen, Concerning: Administrative Instructions Relating to the New Codification of Foreign Exchange Operations. ---------------_. Referring to the provisions of Article 57 of the Foreign Exchange Regulation of February 2001 laying down foreign exchange provisions in the Democratic Republic of Congo, I communicate to you in annex the administrative instructions relating to the New Codification of foreign exchange operations. These instructions define the different codes to be used to intercept said operations. Indeed, the codification consists of identifying, by appropriate codes, the various foreign exchange operations occurring between residents and non-residents as well as other operations in foreign currencies or concepts related to them. Ultimately, the following codes must be used in this framework. These are:

1. Codes for foreign assets and liabilities - foreign exchange position;
2. Codes for foreign exchange operations;
3. Codes for coverage means operations;
4. Currency codes;
5. Bank codes;

6. Country codes;

7. Customs tariff codes;
8. National identification codes;
9. Payment mode codes;
10. Declaration type codes for models "EB", "19", "ES", "IS", "RC";
11. Declaration type codes;
12. Declaration sub-type codes for models "EB", "fB", "ES", "IS", "RC";
13. Transport mode codes;
14. Statistical unit codes. For a better understanding of these codes, a notice on the principles of codification and a description of assets and liabilities as well as that of foreign exchange operations have been prepared and are attached to this instruction. /7 .../...

r . CENTRAL BANK OF THE CONGO 2 CONTINUED, PAGE Particularly regarding the "national identification" and "customs tariff" codes, their collections are available respectively from the Ministry of Economy, Finance and Budget, and the Customs and Excise Office. I invite banks to correctly codify all operations subject to this procedure in order to allow the Central Bank of the Congo to compile reliable statistics. Finally, my services at the Directorate of Foreign Services are at your disposal for technical details. Please accept, Gentlemen, the assurance of my distinguished consideration. J.C. MASANGU MULONGO Governor c.c.: - Internal Audit

• Directorates:

• Foreign Services
• Supervision of Financial Intermediaries
• Studies
• Informatics and Operational Research
• Legal

r ! .BANqUE CENTRALE DU CONGO PRINCIPLES OF CODIFICATION OF FOREIGN EXCHANGE OPERATIONS.

1. GENERALITIES. The codification of foreign exchange operations aims to identify, by appropriate codes, the various foreign exchange operations between residents and non-residents as well as other operations in foreign currencies that affect the balance of transfers, coverage means as well as the foreign exchange positions of banks and other authorized intermediaries. It allows grouping recorded operations by category according to the criteria provided by the 5th IMF Balance of Payments Manual for the presentation first of the balance of transfers and then of the balance of payments. To this end, for statistical and analytical needs, the following codes are retained for use.

'l V. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. These are: Codes for foreign assets and liabilities - foreign exchange position; Codes for foreign exchange operations; Codes for coverage means operations; Currency codes; Bank codes; Country codes; Customs tariff codes; National identification codes; Payment mode codes; Declaration type codes for models "EB", "IB", "ES", "IS", "RC"; Declaration type codes; Declaration sub-type codes for models "EB", "IB", "ES", "IS", "RC" Transport mode codes; Statistical unit codes.

r 1 2 These Codes are inscribed on the supporting documents for current operations and capital and financial operations on the one hand, and coverage means operations on the other hand. It is understood that the different concerned Directorates of the Central Bank are called upon to regularly harmonize their view on codification through a coordination structure. dl II. STRUCTURES OF THE CODIFICATION OF FOREIGN EXCHANGE OPERATIONS. The structure of each Code is either alphabetic, numeric or alpha-numeric. II.1. Foreign Exchange Position Codes. Foreign exchange position codes are alpha-numeric codes with four positions: the letter position indicates that it is: (A) On-balance sheet assets; (B) Off-balance sheet assets (E) On-balance sheet liabilities; (F) Off-balance sheet liabilities. the first numeric position identifies the heading (account); the second numeric position indicates the sub-heading (sub-accounts); and the third, the detail (operation). j ..I.~

3 II.2. Foreign Exchange Operation Codes. These Codes identify the nature of the operation to which the receipt or expense relates. They are subdivided into codes identifying current operations, capital and financial on the one hand, and coverage means operations on the other hand. II.2.1. Codes Identifying Current, Capital and Financial Operations. These are numeric codes with five (5) positions that identify operations representing payments between residents and non-residents: the first position determines the nature of the operation (receipt or expense). This position is represented by the digit 2 for receipt and 3 for expense , , the second position identifies the major heading in receipt or expense of the transaction balance. These are the following headings: . , Headings Codes Goods Services Income and Current Transfers Capital Account Direct Investments Portfolio Investments Other Investments Reserve Assets Reconciliation Operations 1 2 3 4 5 6 7 8 , 9 the third position indicates the heading; the fourth position identifies the sub-heading; the fifth position represents the details of an operation. Important Remarks.

1. \1 is to be noted that the digits of the first two positions (2 and 3 for the first position, 1 to 9 for the second position), were dictated by the 5th IMF Balance of Payments Manual. ).I.~ /7

r 1 2. The new codification of foreign exchange operations responds to the concern of adapting the compilation of the Balance of Payments to the requirements of the 5th IMF Manual in order to make these statistics consistent and comparable with those of national accounts. II.2.2. Codes Identifying Coverage Means Operations. These codes are alpha-numeric with four (4) positions identifying operations that do not represent payments between residents and non- residents, but rather modifications in the foreign assets and liabilities of the declarants. They are structured as follows: the first letter position identifies the operation as receipt ( R ) and expense ( D ); the second numeric position identifies the major headings of coverage operations both in receipt and expense: R1 - D1 Operations between banks; R2-D2 Operations on the account abroad ; R3- D3 Arbitrages ; R4-D4 Debit/Credit in RME account ; R5-D5 Debit/Credit in NRME account ; R6-D6 Internal operations ; R7-D7 Commercial and invisible arrears ; R8-D8 Forward operations in foreign currencies; the last two numeric positions indicate the subdivisions of the major headings of these operations both in receipt and expense.

5 II,3. Currency Codes. The currency or unit of account used in foreign exchange operations is designated by a sigil or code. The ~ is an English abbreviation of three letters defining the name of the currency (sigil) or unit of account used. Currency codes are numeric codes composed of two digits that indicate the identity of the currency or unit of account used, in the national classification of currencies. liA. Bank Codes. The current structure of bank codes has been maintained. These are numeric codes composed of four positions: - the first two positions indicate the bank, and the last two positions identify the place of operation. II,5. Country Codes. These codes identify the country of the order giver or the beneficiary of the payment. The country of the order giver is that: of the non-resident buyer in the matter of supply of goods ; of the non-resident who orders the service or has the work executed in the matter of service; of the non-resident debtor or fund provider in the matter of income, capital or other operations of a financial nature. The country of the payment beneficiary is that : of the non-resident seller in the matter of supply of goods ; of the non-resident who provides the service or performs the work in the matter of service; of the non-resident creditor in the matter of income, capital or other operations of a financial nature. .:. : 1

6 The country of the order giver or payment beneficiary is designated by a sigil or code. The sigil is an English abbreviation of three letters defining the name of the country. Country codes are numeric codes composed of three digits: the first digit indicates the continent; the last two positions define the country. II.6. Customs Tariff Codes. The customs tariff gives the proper nature of the imported or exported merchandise. It is composed of eight (8) numeric positions of which the first two identify the chapter in which the merchandise concerned has been classified according to the nomenclature established by OFIDA. The next two positions identify the sub-chapter of the merchandise, while the last four positions give the proper nature of the merchandise and thus allow OFIDA to easily find its way during the calculation duties and taxes on the import and export of merchandise. The complete collection is available at OFIDA. n.7. National Identification Codes. This is a registration number assigned to every economic agent (legal or natural person) by the Ministry of Economy, Finance and Budget. It is composed of 7 positions : the 1st position is a letter ; the following 5 positions are digits; the last position is a control letter generated by the Computer System. The file is available at the Ministry of Economy and Industry. YI.,

7 II.8. Payment Mode Codes. These are numeric codes with two positions indicating the mode of settlement of an external payment operation. 11.9. Declaration Type Codes for Models EB, IB, ES, 15, RC. The codes are alpha-numeric codes with two positions. [ 11.10. Declaration Sub-Type Codes for Models EB, IB, ES, 15, RC. The codes are numeric codes with 2 positions indicating the type of export or import carried out and generally correspond to the ad hoc customs regime. II.11. Declaration Type Codes. These are pre-printed numeric codes with two positions indicating the type of declaration of receipts, expenses or arbitrage in foreign currencies. 11.12. Transport Mode Codes. These are numeric codes of 2 digits indicating the mode of transport used to carry out an export or import. II.13. Statistical Unit Code. These are numeric codes with 2 positions, indicating the unit of measure (or value).

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BANQUE CENTRALE DU CONGO CODIFICATION DES OPERATIONS DE CHANGE DESCRIPTION DES AVOIRS ET ENGAGEMENTS EXTERIEURS: "POSITION DE CHANGE"

1. AVOIRS A. ACTIFi

2. Or monétaire Monetary gold is gold that belongs to monetary authorities or to other institutions under their effective supervision. This gold is held as reserve assets and has no counterpart in liabilities. For reasons of Balance of Payments equilibrium and exchange rate management, monetary authorities may increase their external assets by purchasing commodity gold (monetization) or withdraw monetary gold from their external assets to allocate it for non-monetary purposes (demonetization). This may involve "monetary gold on deposit or receivable." 1.1. Monetary gold on deposit This is existing monetary gold held in the vaults of the Central Bank or abroad with its correspondents. It includes: available gold and pledged gold. 1.1.1. Available monetary gold This is free gold, i.e., unpledged. 1.1.2. Pledged monetary gold This is monetary gold guaranteed or pledged by monetary authorities. To this end, this monetary gold becomes temporarily unavailable but remains the property of the monetary authority. 1.2. Monetary gold receivable Promise of delivery of gold made by private holders to monetary authorities.

3. International Monetary Fund 2.1. SDR Allocations SDRs are international reserve assets created by the International Monetary Fund to increase the other reserve assets of official holders and which it periodically allocates to its member countries proportionally to their quota share. N.B. SDR allocations are not repayable and do not constitute a liability even if the I.M.F. asks its member countries to replenish them. 2.2. Reserve Position in the I.M.F. This is the (creditor) position that a member country may have in the General Resources Account of the I.M.F. in the "reserve assets" category. It corresponds to the sum of purchases in the "reserve tranche" that a member country can make and the amount of all claims it holds against the I.M.F. (under a lending arrangement) which are repayable without adjustment formalities. Example: confirmation agreements, extended arrangements, systemic transformation facility, as well as Trust Fund loans, etc....

4. Central Bank 3.1. Available Accounts Demand deposits with Central Banks and Issuing Institutes, mobilizable or not by checks. 3.2. Others 3.2.1. Short-term accounts Deposits placed short-term with Central Banks, presumably foreign. 3.2.2. Medium and long-term accounts Deposits placed at one year or more with Central Banks, presumably foreign.

5. Foreign Currency Assets Foreign currency assets include the claims of the banking system (Central Bank and authorized banks) on non-residents in the form of: currencies, bank deposits, public bills, bonds and other borrowing instruments, money market instruments, derivative financial products, equity or debt securities etc.... 4.1. Cash Foreign currency cash (quoted by the Banque Centrale du Congo) held in vaults locally by resident banks. 4.2. Correspondents Non-resident banking establishments or similar entities with which the Central Bank and resident commercial banks hold foreign currency assets. 4.2.1. Demand assets Available foreign currency assets. 4.2.2. Call money Foreign currency assets placed day-to-day. 4.2.3. Short-term placements Foreign currency assets placed with a maturity not exceeding 1 year. 4.2.4. Medium and long-term placements Foreign currency assets with a maturity greater than 1 year. 4.2.6. Provision for Covered Documentary Credits Provisions constituted by the Central Bank and commercial banks with their foreign correspondents to cover covered documentary credits. 4.2.6. Others Other assets not listed above lodged with foreign correspondents. 4.3. Other short-term receivables The term of assets included under this heading cannot exceed 30 days. 4.3.1. From Subsidiaries and Agencies Receivables by subsidiaries and agencies within a period not exceeding 30 days. 4.3.2. Collections Values denominated in foreign currencies sent for "collection." Here are covered values belonging to resident banks extracted from the "Bills Portfolio" due to the proximity of their maturity. 4.3.3. Others Other undefined receivables. 4.4. Securities Securities subscribed on the money market and which generally confer the unconditional right to receive a fixed stipulated amount on a specified date. These instruments are usually traded on organized markets at a discount relative to their issue price. These instruments include treasury bills, commercial paper and financial bills, bank acceptances, negotiable certificates of deposit. 4.4.1. Commercial Bills Portfolio Commercial bills denominated in foreign currencies held by banks fall into this category. 4.4.2. Debtors by Acceptance Foreign currency claims of resident banks on persons in whose favor they have accepted bills, provided these are in circulation.

6. Other Claims Other claims represent a residual category and cover all claims not enumerated in the previous headings. B. Off-Balance Sheet

7. Liabilities received from financial intermediaries 1.1 Central Bank Rediscount Agreements Ceiling of rediscount granted by the Central Bank to the bank considered after deduction of already rediscounted operations. 1.2. Other Refinancing Agreements Commitments given by other banks to refinance operations of the bank in question within a ceiling. This refinancing can take the form of firm sales representative of credits or guaranteed loans on the money market. Here we indicate the unused balance. 1.3. Guarantees-Avails-Endorsements-Acceptance-Others Commitments granted to the Bank by another financial institution either on commercial bills or otherwise.

8. Real guarantees received outside the money market Mortgages on real estate or pledges with dispossession on mobilizable assets received as security for a claim.

9. Spot Exchange Operations Very often, banks do not record the currencies subject to a transaction at the time of the transaction, but only upon actual delivery, or after a fixed delay. During this intermediate period, banks are nevertheless committed and run an exchange risk on the currencies in question. This commitment is recorded in the order account expressing the expected currencies: currencies bought or borrowed and not yet received.

10. Forward Exchange Operations These are Congolese Franc against currencies operations, where Congolese Francs (C.F.) are to be delivered: currencies receivable against Congolese Franc to be delivered (financial institution/clientele).

II. LIABILITIES A. Liability

1. I.M.F. Credit Outstanding I.M.F. credits after deduction of repayments on cumulative drawings.

2. Foreign Currency Commitments Foreign currency commitments include the debts of the banking system towards non-residents in the form of: currencies, bank deposits, public bills, bonds and other loan securities, money market instruments, derivative financial products, equity securities. 2.1. Correspondents Non-resident banking establishments or similar entities towards which the Central Bank and resident commercial banks have foreign currency commitments. 2.1.1. Demand commitments Foreign currency commitments payable on demand towards foreign correspondents. 2.1.2. Call money Day-to-day borrowings in foreign currencies from foreign correspondents. 2.1.3. Short-term commitments This heading includes all foreign currency commitments contracted towards foreign correspondents with a maturity not exceeding one year. 2.1.4. Medium and long-term commitments Foreign currency commitments with a maturity of more than one year. 2.1.5. Uncovered Documentary Credits in Force Documentary Credit newly initiated and not yet due. 2.1.6. Overdue and Unpaid Uncovered Documentary Credit Uncovered Documentary Credit unpaid with an expired term.

2.2. R.M.E. Account Foreign currency deposits of residents in the books of resident banks. These deposits can be on demand or term. 2.3. N.R.M.E. Account Foreign currency deposits of non-residents in the books of resident banks. These deposits can be on demand or term. 2.4. Provision for Covered Documentary Credits Foreign currency commitments of banks towards client importers in coverage of the documentary credit.

2.5. Securities Securities issued on the money market and which generally confer the unconditional right to receive a fixed stipulated amount on a specified date. These instruments are usually traded on organized markets at a discount relative to their issue price. These instruments include treasury bills, commercial paper and financial bills, bank acceptances, negotiable certificates of deposit. 2.6.1. Bank Acceptance Commitment of the resident bank towards the foreign correspondent. This commitment consists of paying the foreign supplier in case its client importer for whom it has accepted the bills fails to execute. 2.5.2. Commercial Bills in Force These are commercial bills not yet due. 2.5.3. Overdue and Unpaid Commercial Bills These are commercial bills overdue and unpaid.

3. Other Commitments Other commitments represent a residual category and cover all commitments not enumerated in the previous headings. B. Off-Balance Sheet
4. Commitments in favor or on behalf of financial intermediaries. 1.1. Refinancing Agreements. Refinancing ceiling granted to a bank or other financial institution that can be realized either by firm purchase of bills representative of credits or by guaranteed loans on the money market without deduction of already realized uses. These are available refinancing agreements.

1.2. Confirmation of Opening of Documentary Credits Receipt of an opening of a documentary credit made for example by a foreign correspondent if it concerns an export; the bank commits to pay the exporter when he submits the agreed documents, and thereby confirms the opening of the documentary credit.

1.3. Guarantees-Avails-Endorsements-Acceptances-Others Guarantees given by the bank on commercial bills or otherwise.

2. Commitments in favor or on behalf of clientele 2.1. Acceptance or Payment Commitment Acceptances or payment commitments by commercial bills or otherwise. 2.2. Opening of Documentary Credits Transmission to a correspondent, most often foreign, of a client's order regarding a payment to be made against presentation of documents. This order can be confirmed by the bank and subsequently by the correspondent. 2.3. Other Credit Openings Operation which is, most often, a simple transfer. 2.4. Guarantees-Avails and Other Guarantees, in favor of Credit Organizations By these acts, the bank commits to substitute itself vis-à-vis a third party, with its client, if the latter defaults, in favor of a credit organization, Customs or another beneficiary.

3. Real guarantees conferred outside money markets Mortgages on real estate or pledges with dispossession on mobilizable assets given as security for a debt.

4. Spot Exchange Operations This commitment is recorded in the order account expressing the currencies to be delivered: currencies sold or lent not yet delivered.

BANQUE CENTRALE DU CONGO CODIFICATION DES OPERATIONS DE CHANGE Codes - External Assets and Liabilities - Exchange Position. CODE LABEL 1 ASSETS ON THE ASSET SIDE A1 Monetary Gold A11 Monetary gold on deposit A12 Monetary gold receivable A121 Monetary gold receivable from third parties A2 I.M.F. A21 SDR Allocation A211 Demand assets in SDRs A22 Reserve Position in the I.M.F. A221 Deposits A222 Loans A3 Central Bank A31 Available Accounts A311 Available Accounts A32 Others A321 Short-term accounts A322 Medium and long-term accounts A4 Foreign Currency Assets A41 Cash A411 Cash A42 Correspondents A421 Demand assets A422 Call money A423 Short-term placement A424 Medium and long-term placement A425 Provisions for covered documentary credits A426 Others A43 Other short-term receivables A431 From subsidiaries and Agencies A432 Collections A433 Others A44 Securities A441 Commercial Bills Portfolio A442 Debtors by acceptance A443 Public Bond Securities A444 Other securities A5 Other claims A51 Other claims A511 Other claims B. OFF-BALANCE SHEET B1 Liabilities received from financial intermediaries B11 Central Bank Rediscount Agreements B111 Central Bank Rediscount Agreements B12 Other refinancing agreements B121 Other refinancing agreements B131 Guarantees - avails - Endorsements - Acceptation - Others B2 Real guarantees received outside money market B21 Real guarantees received outside money markets B211 Real guarantees received outside money markets B3 Spot Exchange Operations B31 Currencies bought or borrowed and not yet received B311 Currencies bought or borrowed and not yet received B4 Forward Exchange Operations B41 Currency receivable against Congolese Franc to be deliver (Financial Inst.) B411 Currency receivable against Congolese Franc to be deliver (Financial Inst.) B42 Currency receivable against Congolese Franc to be deliver (clientele) B421 Currency receivable against Congolese Franc to be deliver (clientele)

CODE LABEL LIABILITIES E. LIABILITY E1 Credits to I.M.F. E11 Credits to I.M.F. E111 Credits to I.M.F. E2 Commitments in foreign currencies E21 Correspondents E211 Demand commitments E212 Callmoney E213 Short-term commitments E214 Medium and long-term commitments E215 Uncovered Documentary Credits in force E216 Overdue and unpaid uncovered Documentary Credits E22 R.M.E. Accounts E221 On demand E222 On term E23 N.R.M.E. Accounts E231 On demand E232 On term E24 Provision for covered documentary credit E241 Provision for covered documentary credit E25 Securities E251 Bank Acceptance E252 Commercial bills in force E253 Overdue and unpaid commercial bills E254 Arrears of invisibles E3 Other commitments E31 Other commitments E311 Other commitments F. OFF BALANCE SHEET F1 Commitments in favor or on behalf of financial intermediaries F11 Refinancing Agreements F111 Refinancing Agreements F12 Confirmation of openings of documentary credits F121 Confirmation of openings of documentary credits F13 Guarantees - avails - endorsements - acceptances - others F131 Guarantees - avails - endorsements - acceptances - others F2 Commitments in favor or on behalf of clientele F21 Acceptance or payment commitments F211 Acceptance or payment commitments F22 Opening of documentary credits F221 Opening of documentary credits F23 Other credit openings F211 Other credit openings F24 Guarantees - Avails and Other guarantees, in favor of credit organizations F241 Guarantees - Avails and Other guarantees, in favor of credit organizations F3 Real guarantees conferred outside money markets F31 Real guarantees conferred outside money markets F311 Real guarantees conferred outside money markets F4 Spot Exchange Operations F41 Currencies sold or lent not yet delivered F411 Currencies sold or lent not yet delivered F5 Forward Exchange Operations F51 Congolese Franc receivable against currencies to be delivered (Fin. Org.) F511 Congolese Franc receivable against currencies to be delivered (Fin. Org.) F52 Congolese Franc receivable against currencies to be delivered (clientele) F521 Congolese Franc receivable against currencies to be delivered (clientele)

BANQUE CENTRALE DU CONGO CODIFICATION DES OPERATIONS DE CHANGE. DESCRIPTION OF EXCHANGE OPERATIONS

1. CURRENT TRANSACTIONS ACCOUNT
2. GOODS 1.1. General Merchandise In this heading are classified movable goods that are the object of a transfer of ownership between residents and non-residents. The following goods also enter into this category:

• Commodity gold, metal silver, diamond, other stones and precious metals in raw state (unrefined);
• banknotes and coins that are not in circulation at the time of registration, as well as unissued securities, which must all be evaluated at their price as products and not according to their nominal value;
• electricity, gas and water;
• livestock crossing the border;
• postal parcels;
• exports and imports of public administrations (other than those carried out between these administrations and their personnel), including goods financed by grants or loans;
• goods acquired or ceded by a stock regulation body;
• personal effects of migrants: all household and personal effects of migrants as well as movable equipment actually transferred from the old to the new economy;
• smuggling detected or not by customs;
• other shipments not registered in commercial statistics, for example gifts and goods of a value lower than a specified minimum.

1.2. Goods imported or exported for processing This heading covers any activity carried out under contract. Example: oil refining, metal transformation, vehicle assembly, clothing manufacturing etc... It should be emphasized that the transformation operation entails a significant physical modification of the good (work on materials). Also included in this heading are goods to which a certain value is added, for example by packaging or labeling.

1.3. Repairs of goods. This heading covers repair activities involving work performed by residents on movable goods belonging to non-residents (or vice versa), such as ships, aircraft and other transport equipment.

1.4. Purchases of goods in ports by carriers. Purchases of goods in ports, airports and other border posts cover purchases of goods from abroad, such as fuel, supplies, provisions and stores, by resident carriers, and purchases made by non-resident carriers in the economy establishing its balance of payments.

1.6. Non-monetary gold, other stones and precious metals This heading covers exports and imports of gold held as a store of value, as well as other stones and precious metals.

1.6. Military equipment and supplies

2. SERVICES 2.1. Transport. This heading groups all land, sea, air, river, lake and other transport services (notably by space route, oil pipeline or gas pipeline) provided by residents of one economy to those of another economy. It may concern:

• passenger transport;
• rerouting of goods (freight);
• rental of transport means with crew (time charter) and auxiliaries and annexes related thereto;
• maintenance and cleaning of transport equipment in ports and airports, terminals, etc. Towing, storage, warehousing, packing and repacking services are recorded among other transport services.

2.2. Travel. This heading essentially covers goods and services provided by an economy to travelers during a stay of less than one year on the territory of this economy. By travelers, one must understand tourists, businessmen, students and patients. For these two last categories, the one-year rule does not apply.

2.3. Communication Services These services comprise two major categories of transactions relating to international communications between residents and non-residents; namely: telecommunications which encompass the transmission of sounds, images and other information by telephone, telex, telegram, cable, radio or television, satellite, electronic mail, fax etc., including network communications, teleconferences and support services;

1. Services of post and messaging, covering the collection, transport and distribution of mail (letters, newspapers, periodicals, brochures and other printed works) and parcels by national postal administrations and other operators, as well as postal counter services and rental of post office boxes.

2.4. Building and public works services This component covers works executed as part of construction and installation projects by employees of a company outside its economic territory. Railway works repairs, port and airport installations are also included in this category.

2.5. Insurance services This component includes the various forms of insurance provided to non-residents by resident insurance companies (and vice versa). It includes freight insurance, life insurance, damage or accident insurance, medical insurance, civil liability, fire insurance, maritime and air insurance, etc., and reinsurance. Insurance services also include commissions paid by agents linked to insurance transactions.

2.6. Financial intermediation services This category encompasses all financial intermediation services between residents and non-residents, and auxiliary services (excluding those provided by insurance companies and pension funds). This includes:

• commissions paid to intermediaries as remuneration for services related to

  • for example, letters of credit, bank acceptances, credit lines,
  • leasing and transactions involving foreign currency assets, etc.;

• commissions and other fees related to securities transactions, brokerage,

  • placement of issues, guarantees, amortization, financial swap agreements,
  • options and other hedging instruments for financial markets;

• broker commissions on commodity futures markets;

• services related to asset management, administration and regulation

  • of financial markets, custody of securities, etc.;

• service commissions on purchases of IMF resources;

• commissions related to unused balances under IMF-approved confirmation agreements or extended arrangements.

2.7. Computer and information services. This component covers transactions between residents and non-residents regarding services related to computer data processing and information. These include in particular:

• the development and creation of databases;

• data processing;

• the provision of information processing services on a time-sharing basis or for a specific period;

• full-time management of computer equipment;

• hardware consulting;

• software applications, which includes the design, development and

  • programming of systems meeting specific client needs;

• maintenance and repair of computers and peripheral equipment;

• services provided by news agencies, notably the communication

  • of information, photographs and in-depth articles to the media;

• direct (individual) subscriptions to newspapers and periodicals;

2.8. Royalties and license fees Royalties and license fees covering payment and receipt flows between residents and non-residents that are linked to:

• the legal use of non-produced, non-financial intangible assets and property rights (such as patents, copyrights, trademarks,
  • industrial manufacturing processes, franchising, etc.);
• the exploitation, under license agreements, of original works or prototypes created, such as manuscripts and films.

2.9. Other business services.

2.9.1. International trade and other services related to commer c By international trade in goods, we mean the acquisition by a resident trader (of the economy compiling its BOP) of a good from a non-resident and its subsequent resale to another non-resident without the good crossing the border of the economy compiling its accounts. This includes all commissions on:

• transactions of goods and services between non-residents and resident traders,
  • commodity brokers, distributors and commission agents;
• transactions involving ships, aircraft and sales by
  • auction.

2.9.2. Leasing without operators (rental). This category covers:

• rentals provided - other than leasing - by residents to non-residents and vice versa, as well as bareboat chartering, without crew, of ships,
  • aircraft and transport equipment such as railway wagons, containers, pontoons;
• rental of films, magnetic tapes, records, etc.

2.9.3. Various specialized and technical business services

2.9.3.1. Legal, accounting, management consulting and public relations services. This category covers services provided by residents to non-residents (and vice versa) in the following areas:

• legal advice, representation and documentation;
• accounting, audit, bookkeeping and services related to taxation;
• management, planning and organization consulting, for rationalization, cost control
  • and efficiency and from a human resources perspective, notably regarding;
• employer-employee relations, etc. This also includes public relations, but not advertising.

2.9.3.2 Advertising and market research services. These services, which give rise to transactions between residents and non-residents, include:

• the design, creation and marketing of advertising campaigns by

  • advertising agencies;

• the placement of advertisements with media as well as the purchase and sale of advertising space;

• exhibition services provided by trade fairs; product promotion

  • abroad;

• market prospecting and opinion polls on various topics.

2.9.3.3. Architecture, engineering and other technical services. This category includes transactions between residents and non-residents regarding:

• the architectural aspects of development projects, notably
  • urban;
• planning the construction of works such as dams, bridges or airports,
  • project layout and site supervision, turnkey project delivery, etc.
• surveying;
• testing and certification of products;
• technical inspection services.

2.9.3.4. Agricultural and mining services and processing at the place of import or export. This category covers transactions relating to:

• services related to crops, for example protection against insects and diseases;
• forestry services;
• services associated with extractive industries, for example ore analysis;
• on-site processing of import or export products (exclusively) that have been imported but are not re-exported (or vice versa), such as nuclear waste.

2.9.3.5. Other services This category groups elements such as:

• personnel placement, security and investigation services, translation
  • and interpretation, photographic services, building cleaning, etc.
• payments for supplies acquired locally, payments for public utilities
  • etc.... made by non-resident building and public works companies.

2.10. Personal, cultural and leisure services These services are subdivided into two categories:

2.10.1. Audio-visual and related services. These are primarily services and commissions related to the production:

• of films or video;
• of radio and television broadcasts (live or recorded);
• of musical recordings;
• of rental fees received or paid;
• of royalties received by actors, directors, producers, etc....
• of royalties for distribution rights ceded to media for a limited
  • number of performances in certain regions;
• of fees paid to actors, producers, etc.... participating in theatrical or musical productions, sports events, circus shows, etc....
• of royalties for distribution rights (on television, radio, etc...) related
  • to these activities.

2.10.2. Other cultural and recreational services. These include in particular:

• other personal, cultural and recreational services such as those associated
  • with museums, libraries, archives and other cultural, sports and
  • recreational activities;
• service fees received or rendered abroad (including correspondence courses)
  • by teachers or doctors.

2.11. Services provided to or received by public administrations not included elsewhere This category encompasses the residual transactions of public administration services, including those of international organizations. Included are:

• all transactions of embassies, consulates, military units and defense organs with residents of the economy in which they are located and with other economies. These are transactions relating to the provision of goods and services (such as office equipment, electricity, water and gas, official cars and receptions);
• personal expenses of diplomats and consular staff and persons dependent on them in the economy where they are posted. Also considered in this category:
• transactions carried out by other official entities established in a foreign economy, such as aid missions, tourism offices, information and promotion offices, etc....;
• transactions associated with general administrative expenses, etc.... that are not recorded elsewhere, for example, fees charged for the issuance of passports or airport taxes;
• transactions occasioned by aid services provided by civil organizations that result in no payment and whose counter-entry is recorded under transfers;
• transactions related to the stationing of foreign armed forces under joint military arrangements and the presence of peacekeeping forces, for example those of the U.N.;
• goods purchased for their own use during a trip abroad by public administration personnel.

3. INCOME

3.1. Employee compensation. This category includes wages, salaries and other benefits, in cash or in kind, earned by individuals in an economy other than that of which they are residents, for work performed for the benefit of a resident of that economy (and paid by them). Included in this compensation:

• contributions paid by employers on behalf of their employees to
  • social security schemes or private insurance companies or pension funds to guarantee social protection for employees;
• remuneration paid by international organizations to their employees who
  • reside in the economy where the organization is located;
• remittances from persons engaged in an activity in an economy where
  • they stay for less than a year, to their country of residence.

3.2. Direct investment income. The two categories listed in this section - equity securities and debt securities - cover the income earned by a direct investor, resident in an economy, from direct investment capital owned in an enterprise located in another economy.

3.2.1. Equity income This category is subdivided into two categories:

3.2.1.1. Distributed profits. These can take the form of dividends on ordinary or preferred shares held by the direct investor in affiliated enterprises located abroad (or by the foreign direct investor in a resident enterprise).

3.2.1.2. Reinvested earnings and undistributed profits of branches. This income includes the direct investor's share in:

• profits of foreign subsidiaries and affiliated enterprises that are not
  • distributed as dividends;
• profits of branches and other unincorporated enterprises that are not
  • remitted to the direct investor.

3.2.2. Debt securities income These are the interests paid on inter-enterprise loans to the direct investor by affiliated enterprises located abroad (or vice versa). Also to be considered in this category is the income from preferred shares without voting rights.

3.3. Portfolio investment Under this category are grouped the income from transactions between residents and non-residents, derived from the holding of shares, bonds, other debt instruments of various money market instruments or financial products derived from them. They are subdivided into:

• income from debt securities (interest)
• income from equity securities (dividends).

3.4. Other investments Under this category are listed the interest received on all other claims (assets) of residents on non-residents and the interest paid on all other liabilities of residents to non-residents.

3.4.1. Interest on assets is that associated with:

• short-term and long-term loans;
• deposits and other commercial and financial claims;
• interest received by the economy considered on:
  • its SDR holdings;
  • its creditor position at the IMF;
  • loans granted to it by the IMF.

3.4.2. Interest on liabilities is that relating to:

• short-term and long-term borrowings;
• deposits and other commercial and financial claims;
• commissions related to the use of IMF facilities in the form of credits and loans. Interest paid to the IMF on its SDR holdings, in the General Resources Account, is also to be included in this category.

4. CURRENT TRANSFERS

4.1. Transfers of public administrations. This category includes current international cooperation, which comprises current transfers, in cash or in kind, between public administrations on the one hand, and international organizations on the other. This includes in particular:

• cash or bank transfers between public administrations,
  • intended to finance the current expenses of the beneficiary public administration;
• donations of food, clothing, other consumer goods, medicines
  • etc., whether they are part of relief provided in case of famine, earthquakes,
  • other natural disasters or war, or whether they fall under other cooperation actions;
• donations of certain military equipment, namely armaments and support and launch systems which, by convention, are not considered as fixed assets;
• annual contributions, membership fees, or other contributions regularly paid by member countries to international organizations, as well as the transfers that these latter regularly make, as part of their action, in favor of public administrations;
• remuneration (and other fees and expenses) of technical assistance personnel posted in the host economy, paid to a public administration by an international organization or by a public administration of another economy.

Other transfers of public administrations encompass the transactions between the public administrations of the economy compiling its balance of payments and non-resident entities that are neither public administrations nor international organizations. In this category are included:

1. on the credit side:

• current taxes on income and wealth;
• other current transfers such as contributions to social security schemes;

2. on the debit side

• social benefits;
• tax refunds;
• insurance indemnities paid;
• pensions paid under non-funded pension schemes.

It is also important to note that any fine, penalty or commission imposed in the form of interest in case of delay in the settlement of taxes are recorded as current transfers. Similarly, payments (fees) to be paid to register a means of transport or to obtain a fishing or hunting license are by convention treated as taxes and therefore form part of current transfers.

4.2. Current transfers of other sectors These are:

• current transfers between sectors other than public administrations and

  • non-residents, i.e., transfers between individuals or between institutions or
  • organizations not under public administrations (or between the former and the latter);

• current transfers between non-resident institutions under public administrations and individuals or institutions not under public administrations. These transfers are divided into:

• cash transfers intended to finance the current expenses of beneficiaries;

• donations of food, clothing, other consumer goods, medicines

  • etc., whether they are part of relief provided in case of famine, earthquakes,
  • other natural disasters or war, or whether they fall under other cooperation actions;

• workers' remittances. These are current transfers of migrants having an

  • employment in the immigration economy that counts them among its residents;

• regular contributions (including membership fees) to charitable, religious, scientific or cultural organizations;

• donations, dowries and inheritances;

• alimony and other subsistence remittances;

• lottery tickets sold and prizes distributed;

• payments under non-funded pension schemes made by

  • organizations not under public administrations.

Also part of other transfers are the entries:

1. debit for:

• income tax, wealth tax, etc....
• social security contributions paid by the private sector of the economy compiling its balance of payments to public administrations of another economy.

2. credit for:

• tax refunds;
• social security benefits;
• premiums (net of service commissions);
• insurance indemnities (other than life insurance).

II. CAPITAL ACCOUNT AND FINANCIAL OPERATIONS.

II.1. CAPITAL

1.1. Capital transfers There is a capital transfer in kind when:

• a fixed asset is transferred;
• a financial commitment is cancelled by mutual agreement between the debtor and the creditor without the latter receiving any consideration.

1.1.1. Public administrations

1.1.1.1. Debt forgiveness When a creditor belonging to the public administrations of an economy formally agrees by contract with a debtor of another economy to forgive (cancel) in part or in total the obligations of this debtor towards this creditor, the amount of the extinguished debt is to be recorded in this category.

1.1.1.2. Other transfers of public administrations:

• investment grants made in cash or in kind by public administrations for the benefit of non-resident units or vice-versa, in order to cover in whole or in part the cost of acquisition of fixed assets by these units;
• transfers by public administrations to non-resident units of transport equipment, tools, other types of equipment;
• direct provision by public administrations of buildings and various installations, for example military establishments such as airfields, quays, roads, hospitals and other constructions;
• taxes on the value of assets transferred to non-residents: inheritance taxes and donation taxes which are indemnities paid by administrations to non-residents for major damages caused to equipment or serious injuries that insurance policies do not cover;
• indemnities for damages caused by oil spills, major explosions, side effects of medicines, etc.

1.1.2. Other sectors

1.1.2.1. Migrant transfers These are the counter-entry entries for the flow of goods and variations in financial assets resulting from the migration (change of residence for a period of at least one year) of individuals from one economy to another.

18.1 1.1.2.2. Debt forgiveness When a creditor not belonging to the public administrations of an economy formally agrees - by contract - with a debtor from another economy to remit (cancel) in part or in total the obligations of this debtor towards this creditor, the amount of the extinguished debt is to be recorded in this item. 1.1.2.3. Other transfers These are donations for investments made in cash or in kind for the benefit of non-resident units or vice versa, with the aim of covering in whole or in part the cost of acquiring fixed assets by these units. 1/ Includes donations for investment in kind when sectors other than that of public administrations transfer to non-resident units transport equipment, tools, other types of equipment, or directly provide them with buildings and various installations. Regarding indemnities paid by entities not belonging to public administrations, the following entries are recorded on the credit side:

• taxes and inheritance duties;
• taxes on gifts, levied infrequently and at irregular intervals. It is also in this item that bequests or significant donations are recorded, including bequests to non-resident non-profit organizations and exceptionally large donations made by households or companies to non-resident non-profit organizations (for example, donations made to universities to finance the construction of residences, libraries, laboratories ...)

1.2. Acquisitions and disposals of non-produced non-financial assets This item covers transactions involving:

• non-produced tangible assets, which are useful or essential for the production of goods and services (for example, land and subsoil resources);

19.1

• non-produced intangible assets (patents, copyrights, trademarks, franchises, etc.);
• leases or other transferable contracts.

II.2. FINANCIAL OPERATIONS 2.1. Direct investment A direct investment enterprise is an enterprise, with or without legal personality, in which a direct investor who is a resident of another economy holds at least 10% of the ordinary shares or voting rights (in the case of a company incorporated as a corporation) or the equivalent (in the case of an enterprise not having a separate legal personality) and which has decision-making power in management. Specialized entities, which meet the criteria set out above, regardless of their structure (holding company, shell company, regional headquarters) or special purpose (administration, management of exchange rate risk, financing of direct investments, as well as most of their transactions with other members of this group). However, for specialized entities whose sole purpose is to serve as a financial intermediary (banks and other financial auxiliaries such as stockbrokers), only transactions related to permanent debt and equity participations in companies are to be recorded as direct investments. Private residential real estate investments, for example, secondary residences and other residences belonging to non-residents and reserved for their personal use or rented to third parties, are in principle considered as direct investments. The direct investor can be a natural person, a public or private enterprise with or without a separate legal personality, a group of natural persons or enterprises that are associated, a government or official body, an estate, a trust or a similar structure, which owns (according to the criteria cited above) a direct investment enterprise in an economy other than that of which the direct investor is a resident. Members of a group of associates constituted by natural persons or enterprises are deemed, by virtue of their global share of capital being equal to 10% or more, to have management of the enterprise an influence analogous to that of an individual having a participation of the same order of magnitude.

20.1 Direct investment capital consists of:

• capital provided by the direct investor (either directly or through the intermediary of other enterprises with which it is linked) to the direct investment enterprise;
• capital received by the investor from this enterprise. For the economy where the investment is made, this capital includes:
• direct fund contributions by the direct investor;
• fund contributions by other direct investment enterprises affiliated with the same direct investor. For the economy of the direct investor, this capital includes only funds provided by the resident investor. It does not include funds received from other sources through the intervention of the direct investor or for which the latter guarantees repayment. Direct investment capital transactions that are recorded according to their destination (i.e., abroad for direct investments by residents and from abroad for direct investments by non-residents) are broken down into equity, a category relating to various transactions linked to inter-company debt. 1.1.1. Equity includes:
• the participation in the capital of branches;
• all shares of subsidiaries and affiliated enterprises;
• other capital contributions. 1.1.2. Reinvested earnings correspond to the share attributable to the direct investor (pro rata of its direct participation in capital) on profits that are not distributed as dividends by subsidiaries or affiliated enterprises, as well as branch profits that are not paid to the direct investor.

21.1 1.1.3. Other direct investment transactions, transactions linked to inter-company debt (between enterprises of the same group) cover loans and borrowings of financial resources, including bond issues and trade credits, between direct investors and subsidiaries, branches, and affiliated enterprises of the equity item. For the economy of the direct investor, these are recorded in direct investments abroad, under the sub-item of liabilities towards affiliated enterprises of the equity item. Similarly, reverse investments that are not participations will be recorded, according to their direction, under the item of other transactions, in direct investments either abroad or from abroad into the economy. Inter-company transactions between affiliated banks (deposit-taking institutions) and affiliated financial auxiliaries (such as stockbrokers) that are to be included in direct investment capital transactions are limited to those related to permanent debt, equity participations, or, in the case of branches, the fixed capital of affiliated enterprises. Transactions carried out through specialized entities are included in direct investment capital transactions and in the stocks of assets and liabilities corresponding to them in the global external position.

2.2. Portfolio investment Portfolio investments include, in addition to equity securities and debt securities in the form of bonds and other debt securities, money market instruments, as well as financial derivative products such as options. The main elements of portfolio investments, in both assets and liabilities, are equity securities and debt securities, which are traded (or negotiable) on organized financial markets and on other capital markets. Debt securities are subdivided into bonds and other debt instruments, money market instruments, and financial derivative products, which encompass a whole range of new financial instruments.

22.1 Equity securities are all instruments and documents recognizing in their holder rights to the residual value of the assets of incorporated companies, after settlement of all creditors, in the event of liquidation of the company. This right is usually embodied by shares, units, participation certificates, or other similar documents. Preferred shares or units, which also confer the right to participate in the distribution of the residual assets of an incorporated company in the event of dissolution, as well as investment funds are also included in this definition. Debt securities include:

• bonds, other debt instruments, etc....
• instruments issued on the money market or negotiable debt securities;
• financial derivative products or secondary instruments, such as options, which normally do not reach the stage of actual delivery and are used for multiple purposes: risk hedging, placement, or trading. Bonds and other debt instruments usually provide their holder with monetary income that is either fixed or variable, but determined by contract. Except for perpetual bonds, bonds and other debt instruments also provide their holder with the unconditional right to receive a fixed sum at a specified date or dates for the amortization of the principal. These securities include non-participating preferred shares and units, convertible bonds, and bonds with optional maturity, the latest of which must be more than one year after the date of issue. This category also includes negotiable deposit certificates with a maturity of more than one year; dual-currency bonds, zero-coupon bonds, and other bonds issued well below par; variable rate bonds and indexed bonds; asset-backed securities, such as mortgage bonds and participation certificates.

23.1 Money market instruments generally confer on their holder the unconditional right to receive a specified fixed amount at a specified date. These instruments are usually traded on organized markets with an interest rate and time to maturity. These instruments include treasury bills, commercial paper, and financial bills, bank acceptances, negotiable deposit certificates (with an initial maturity of one year or less than one year), as well as short-term bills issued under issuance facilities, even if the facility provided by banks is generally of longer term. Certain financial instruments confer on their holder the unconditional right to receive an economic benefit in the form of a cash payment, a primary financial instrument, etc., at a future date. These are derivative or secondary instruments, in that they are linked to a particular financial instrument or indicator (currencies, government bonds, stock price indices, interest rates, etc.), or to a given commodity (gold, sugar, coffee, etc.) which can be bought or sold at a future date. Derivative products can also be linked to the future exchange of one asset for another, pursuant to contractual provisions. The instrument which is a contract - can be negotiable and have value on the market. Among derivative instruments are options (on currencies, interest rates, commodities, indices, etc.), financial forward contracts (including forward exchange contracts), warrants, and devices such as currency and interest rate swaps. Equity and debt securities are then allocated by institutional sector of the resident creditor when it comes to assets and by resident debtor when it comes to liabilities.

2.3. Other investments The other investments item is a residual item that encompasses all operations on financial assets and liabilities of an economy that do not appear in the items for direct investment, portfolio investment, or reserve assets.

24.1 Assets and liabilities listed in the category of other investments are first listed by instrument. The second level of classification is the breakdown by sector. The sectors are monetary authorities, public administrations, banks, and other sectors. Other investments have a third level: the breakdown by maturity, long-term and short-term. The breakdown of other investments by instrument distinguishes:

• trade credits;
• loans (including the use of IMF credits and its loans);
• currency and deposits (transferable or not);
• other assets and liabilities (various receivables and payables). Trade credits cover claims and liabilities created by virtue of credit granted directly by suppliers and buyers for transactions involving goods and services, as well as advances paid for work in progress to be carried out within the framework of these transactions. Trade credits and advances are often short-term by nature, but their short-term and long-term components are distinguished. Loans or borrowings include financial assets created by the action of a creditor (the lender) who lends resources directly to a debtor (the borrower), in exchange for which the lender receives a non-negotiable document or instrument. This definition also applies to loans intended to finance trade credit, other loans and advances (including mortgage credit), the use of IMF credits and its loans, etc. In addition, repurchase agreements are included among loans, even if, from a legal point of view, they may not be considered as such.

25.1 Leasing is classified among loans because it is considered that this type of contract presupposes the transfer of ownership of the goods to which they relate. Leasing is essentially a method by which the lessee finances the purchase of goods. This contract gives rise to a financial claim - an asset for the lessor and a liability for the lessee. Repurchase agreements or sale and repurchase agreements are agreements by which an institutional unit sells securities at a determined price and undertakes to repurchase them or similar securities at a fixed price and at a subsequent specified date (normally very short term, for example the next day or twenty-four hours later), or at a date left to the discretion of the buyer. By its economic nature, a repurchase agreement is comparable to a loan against collateral in that the buyer of the securities provides funds to the seller, and the securities serve as collateral for the duration of the agreement; this loan is remunerated by the agreed repurchase price, when the transaction is reversed. The item use of IMF credits and IMF loans records withdrawals that a member country makes from IMF resources other than purchases and borrowings under standby arrangements, extended fund facilities, the strengthened structural adjustment facility, and the systemic transformation facility, as well as loans from the trust fund. Currency and deposits are added and grouped into a single component. Currency includes banknotes and coins in circulation that are commonly used to make payments. Deposits are subdivided into transferable deposits and other deposits. Transferable deposits are those that can be exchanged at par on demand without restriction or penalty, are freely transferable by check or transfer, and are commonly used in other ways to make payments. They can be denominated in national or foreign currency. Other deposits include all claims attested by proof of deposit. Non-transferable savings deposits, time deposits, shares (proof of deposit) issued by savings and credit companies, credit unions, housing finance companies or mutual societies for construction financing, etc.

26.1 By definition, other assets and liabilities cover all elements other than loans, currency, and deposits. For example, subscriptions to the capital of non-monetary international organizations are listed under this item, as well as various receivables and payables.

2.4. Reserve assets Reserve assets are external assets that are immediately available and under the control of monetary authorities and that allow them to finance payment imbalances directly, to indirectly regulate the magnitude of these imbalances through foreign exchange market interventions - to influence the exchange rate of the national currency - and to meet other needs. The category of reserve assets includes monetary gold, the reserve position in the IMF, foreign exchange assets (in the form of currency, deposits, and securities), and other claims. Other substitute assets (external resources, credits, or various conditional resources, all giving rise to liabilities and assimilable to "second-tier" reserves easily mobilizable by monetary authorities) are added to reserve assets. Monetary gold is gold that belongs to the authorities (or to other bodies placed under their effective supervision) and is held as a reserve asset. Monetary gold, as defined in this context, generally has a fineness of at least 995/1000. Monetary gold, like SDRs, is a reserve asset that has no corresponding financial liability. Monetary authorities are considered to monetize gold each time they increase their monetary gold holdings by acquiring commodity gold (i.e., newly extracted gold or gold offered on the private market), and to demonetize gold each time they withdraw monetary gold from their holdings for non-monetary purposes (i.e., selling it to private holders or users). SDRs are international reserve assets created by the International Monetary Fund to increase the other reserve assets of official holders and which it allocates periodically to its member countries, proportionally to their quota.

27.1 They are not considered as liabilities to the IMF, and member countries of this institution to which SDRs are allocated do not have an effective (unconditional) obligation to repay their SDR allocations. SDRs can be used to buy the currency of other member countries (foreign exchange), settle financial obligations, or grant loans. The SDR holdings of monetary authorities can vary due to:

• transactions carried out in SDRs with the IMF, with other participants in the SDR Department, or with other holders.
• an allocation or cancellation of SDRs. A member country may have at the General Resources Account of the IMF a position that is recorded in the category of reserve assets and is designated by the expression "reserve position in the IMF". It corresponds to the sum of purchases in the reserve tranche that a member country can make and the amount of all claims it holds on the IMF (under a loan agreement) and which are repayable without formality. Purchases in the reserve tranche are purchases from the IMF of other currencies that do not bring the institution's assets in the currency of a member country to a level higher than its quota (excluding assets that result from the use of IMF credits by member countries). A purchase from the IMF represents an increase in foreign exchange assets and a decrease in the reserve position in the IMF. Conversely, a repurchase decreases foreign exchange assets and increases the reserve position.

Reserve assets are external assets held by non-residents in the following forms: currencies, ecu, bank deposits, government securities, bonds and other debt securities, money market instruments, financial derivative products, equity securities, or non-negotiable claims arising from agreements between central banks or governments. (Foreign exchange assets cover claims that represent the foreign exchange component of the international balanced series). Other claims represent a residual category and cover all claims not yet enumerated that can constitute reserve assets in the form of currencies, deposits, or securities.

BANQUE CENTRALE DU CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS. CODES OF FOREIGN EXCHANGE OPERATIONS. CODE - DESCRIPTION 2 OPERATIONS IN RECEIPTS. 21 GOODS. 211 EXPORTS. 2111 21111 2112: 21121 2113 21131 212 2121 General merchandise. Export of any general merchandise defined by the OFIDA customs tariff and leaving the national territory. Goods subject to transformation. Export of any good subject to transformation. Goods subject to repair. Export of any good subject to repair. PURCHASE OF GOODS BY NON-RESIDENT TRANSPORTERS MAKING A STOP ON NATIONAL TERRITORY. Receipts from disbursements made by non-resident transporters making stops at maritime, riverine, and lacustrine ports for the purchase of various goods; supply of onboard provisions, coal, fuel oil, bunker fuel, and other goods.

CODE LIBELLE 21211 2122 21221 2123 21231 213 2131 21311 2132 Revenue from disbursements made by non-resident transporters making stops at maritime, riverine, and lacustrine ports for the purchase of various goods; supply of onboard provisions, coal, bunker fuel, and other goods. Revenue from disbursements made by non-resident transporters making stops at Congolese airports for the purchase of various goods; supply of onboard provisions, aviation fuel, and other goods. Revenue from disbursements made by non-resident transporters making stops at Congolese airports for the purchase of various goods; supply of onboard provisions, aviation fuel, and other goods. Revenue from disbursements made by non-resident transporters making stops at Congolese railway and road stations for the purchase of various goods; supply of onboard provisions, fuel, and other goods. Revenue from disbursements made by non-resident transporters making stops at Congolese railway and road stations for the purchase of various goods; supply of onboard provisions, fuel, and other goods. NON-MONETARY GOLD. Non-monetary gold and other precious metals held as a store of value: -; Exports of non-monetary gold and other precious metals held as a store of value: gold, stones, and precious metals already worked for jewelry and watchmaking. Non-monetary gold and other precious metals held for other purposes. 2

r j CODE LIBELLE 21321 214 2141 21411 Exports of non-monetary gold, stones, and other precious metals held for other purposes, notably industrial purposes. Military equipment and supplies. Exports of military equipment and supplies. Exports of military equipment and supplies. 22 SERVICES 221 2211 22111 22112 22113 TRANSPORT Maritime transport Passengers:

• sale of maritime passage tickets; exchange of currencies made by non-resident maritime companies and travel agencies corresponding to payments received by them for the transport of persons and their accompanied or unaccompanied baggage. Freight:
• payment of freight charges. Time charter with crew:
• sums due to residents from non-resident transporters for the time charter of transport means;
• sums due to residents from the operation of their transport means by non-resident managers. 3

CODE 22115 LIBELLE 22114 Other maritime transport costs: 2212 22121 22122 22123

• Port charges: warehousing, customs clearance, towing, repair and maintenance, stevedoring, and mooring costs;
• reimbursement of advances to crews of resident transporters. Other maritime transport costs not included elsewhere. Air transport. Passengers:
• sale of air passage tickets; exchange of currencies made by non-resident airline companies and travel agencies corresponding to payments received by them for the transport of persons and their accompanied or unaccompanied baggage. Freight:
• payment of freight charges. Time charter with crew:
• sums due to residents from non-resident transporters for the time charter of transport means;
• sums due to residents from the operation of their transport means by non-resident managers. 4

CODE LIBELLE 22125 22124 Other air transport costs: 2213 22131 22132 22133

• Airport charges: warehousing, customs clearance, towing, repair and maintenance, stevedoring, and stopover costs;
• reimbursement of advances to crews of resident transporters. Other air transport costs not included elsewhere. Other modes of transport. Passengers:
• sale of passage tickets; exchange of currencies made by non-resident companies and travel agencies corresponding to payments received by them for the transport of persons and their accompanied or unaccompanied baggage. Freight:
• payment of freight charges. ~ . ~_. . .•. Time charter with crew: sums due to residents from non-resident transporters for the time charter of transport means; sums due to residents from the operation of their transport means by non-resident managers. 5

J. CODE LIBELLE 22134 22135 222 2221 22211 Other costs for other modes of transport:

• port charges;
• disbursements made by non-resident transporters making stops in the Democratic Republic of the Congo, under various headings including: maintenance, stevedoring, mooring, and stopover costs;
• reimbursement of advances to crews of resident transporters. Other costs for other modes of transport not included elsewhere.
• . TRAVEL Travel for professional purposes. 2222 Travel for personal purposes. 22221 22222 22223 Expenses for stay and subsistence of non-resident travelers on national territory for professional reasons:
• crews of boats, airplanes, or other modes of transport;
• businessmen, officials on mission. Expenses for stay and subsistence of tourists. Expenses for stay and tuition of students. Expenses for stay for medical treatment, pilgrimages. 6

CODE LIBELLE 223 2231 22311 22312 2232 22321 22322 DIVERSE SERVICES Communication services.

• . Transactions related to telecommunications: the transmission of sound, images, and other information by telephone, telex, telegram, cable, radio or television, satellite, fax, electronic mail ... including communications via networks and teleconferencing and support services. Transactions related to postal and messenger services, notably the collection, transport, and distribution of mail and parcels. Building and public works services. Revenue covering works carried out within the framework of construction and installation projects provided by Congolese companies to non-residents, including those provided to Foreign Embassies and Consulates and to International Organizations in the Democratic Republic of the Congo including costs of manufacturing, assembly, maintenance, repair, transformation, machining, and contract work. Contracting services: construction and maintenance of buildings and other civil engineering works. -; 7

r 1 CODE LIBELLE 2233 22331 22332 22333 22334 2234 22341 22342 22343 22344 22345 22346 Insurance services. Premiums and fees received by resident insurance companies for insurance and reinsurance against risks related to the shipment of goods. Indemnities and compensation received by residents from non-resident companies for insurance against risks related to the shipment of goods. Premiums and fees for insurance and reinsurance other than on the transport of goods. Indemnities and compensation for insurance and reinsurance other than on the transport of goods. Financial services. Bank fees and commissions. Commissions and other fees related to securities transactions (SWAP). Brokerage, bonuses, and rebates. Interest and financing fees related to financial operations on goods (futures markets). Service commissions on the purchase of IMF resources other than the reserve tranche. Commissions related to unused balances under IMF-approved confirmation agreements or extended arrangements. 8

CODE LIBELLE 2235 22351 22352 22353 22354 2236 22361 22362 22363 2237 22371 22372 Computer and information services. Transactions on services related to the processing of computer data and information. Transactions related to the management of computer equipment, hardware consultation, and software applications. Services provided by news agencies. Subscription and sale of newspapers and periodicals. Royalties and license fees. Royalties for cinematographic films and other audio-visual documents. Royalties, duties, or fees and registration fees on patents, licenses, manufacturing processes, trademarks, and artist seals; copyright and reproduction rights. Counterfeiting indemnity. Other business services. International trade and other services related to commerce:

• commission on transactions of goods and services. Lease - operation: time charter, without crew, of ships, aircraft, and transport equipment such as railway wagons, containers, crane barges, etc ...;
• real estate income which includes rents and farm leases. 9

,.. i i \ J. (...- 1 1 CODE LIBELLE : . ! 22373 22374 22375 22376 22377 / Legal, accounting, and management consulting services:

• legal advice, representation, and documentation; accounting, audit, bookkeeping, and tax advice. Advertising and market research services:
• design, creation, and marketing of advertising announcements; placement of announcements with media and sale of advertising space; exhibition services provided by trade fairs, promotion of products in the Democratic Republic of the Congo, market prospecting, and public opinion polling on various subjects .... Architecture, engineering, and other technical services: urban planning, planning the construction of works such as dams, bridges, or airports;
• .tracé 'des projets èt supervision des chantiers, livraison d'ouvrages clés en main, topographie, cartographie, essai et certification des produits; services d'inspection technique. .. ' Agricultural, mining, and processing services at the place of import or export:
• forestry services, services associated with extractive industries (e.g., ore analysis); on-site processing of products such as nuclear waste. Research and development services: fundamental and applied research. J, 10

Ii l i CODE LIBELLE 22378 22379 2238 22381 22382 22383 22384 Operating expenses of agencies, offices, sales, and representation. Other business services such as security, investigation, translation, interpretation, and building cleaning services. Other services to individuals related to education and health. Personal, cultural, and leisure services. Audio-visual and related services: .. ~ . .

• advertising costs radio and television broadcasts;
• fees paid to actors, producers ...;
• royalties for distribution rights;
• musical recordings.
• Other personal, cultural, and recreational services such as those associated with museums, libraries, archives, and other cultural, sports, and recreational activities; -<- .• frais de services reçus ou rendus-à l'étranger, .(y compris les cours par correspondance) par des enseignants ou des médecins. Contributions to scientific, cultural, artistic, and sports organizations having their headquarters in the Democratic Republic of the Congo. Rental of cinematographic films and other audio-visual documents. 11

CODE LIBELLE 2239 22391 22392 22393 22394 22396 Services provided by public administrations not included elsewhere. Revenue for the operating costs of embassies, consulates, military representations, and international organizations established in the Democratic Republic of the Congo. Revenue collected for the current expenses of foreign diplomats and consular personnel as well as persons who are dependents of theirs in the Democratic Republic of the Congo. Revenue collected for the purchase of durable goods for their own use by the personnel of a foreign public administration and international organizations (example: cars, televisions ...) Revenue collected for the operating costs of other foreign official entities established in the Democratic Republic of the Congo ("aid commission", tourism and information offices, etc.). 22395 Revenue collected by the Democratic Republic of the Congo for chancery fees and Public Treasury fees not accounted for elsewhere (Duties levied on the issuance of visas, airport taxes, etc ...). Revenue collected for transactions related to the stationing of foreign armed forces within the framework of joint military operations and the presence of peacekeeping forces (U.N. - O.A.U. etc ...). 12

,. CODE LIBELLE 23 REVENUES AND CURRENT TRANSFERS. 231 EMPLOYEE REMUNERATION. 2311 Transfers of savings on salaries, wages, remuneration, fees. 23111 Transfers of savings on salaries, wages, remuneration, fees. 2312 Pensions and social insurance, family allowances, paid leave, sickness benefits, accident benefits. 23121 Pensions and social insurance, family allowances, paid leave, sickness benefits, accident benefits. 2313 Remuneration paid to residents by institutional entities enjoying extra-territorial status (Embassies - Consulates - International Organizations). 23131 Remuneration paid to residents by institutional entities enjoying extra-territorial status (Embassies - Consulates - International Organizations). 232 INVESTMENT INCOME. 2321 Direct investment. 23211 Income from equity securities: /. dividends from direct investments made by residents abroad, including distributed or undistributed profits of branches and reinvested profits. -; 13

CODE LIBELLE r 23212 2322 23221 23222 2323 23231 . 23232 233 2331 23311 r Income from debt securities: interest on loans granted by the direct investor to affiliated companies located abroad; income received from preferred shares without voting rights. Portfolio investment. Income from equity securities: '. dividends from portfolio investment income made by residents abroad. Income from debt securities interest on portfolio investments made by residents abroad. Other investments. .tt Income from other investments ~ various interest on loans, deposits, and other claims made by residents abroad. Interest received on the creditor position at the I.M.F. : -:-: interest received on holdings in SDRs ; :- interest on the creditor position at the I.M.F.; commission bonuses on unused loan balances. CURRENT TRANSFERS. Public administration. Transfers made in cash or by bank transfer in favor of the Democratic Republic of the Congo for international cooperation. 14

( , CODE LIBELLE 23312 23313 23314 2332 23321 23322 23323 23324 /' In-kind current transfers related to current international cooperation such as donations of food, clothing, medicine, and other consumer goods. Current taxes on income and wealth; and contributions to the social security scheme. Contributions to scientific, cultural, artistic, and sports organizations, and contributions to international organizations (OAU, UN) having their headquarters in the Democratic Republic of the Congo. Other sectors. , . "' ..... "~'-''''-'-:':':::;: Remittances from workers) transfers of savings on salaries, wages, remuneration, fees~-.::-·----·-· - . ..... . ~ . - Other transfers:

• donations and relief received by resident individuals, alimony, gifts; transfers for the benefit of resident private institutions, philanthropic, cultural, scientific, religious, charitable institutions; contributions to missionary services. Taxes on income and wealth as well as contributions to social security schemes. Contribution to scientific, cultural, and artistic organizations and sports and contributions to international organizations having their headquarters in the Democratic Republic of the Congo. 15 ~.

CODE LIBELLE 24 CAPITAL ACCOUNT 241 CAPITAL TRANSFERS 2411 24111 24112 241.2 24121 24122 24123 Public administrations. ~ . Debt forgiveness by contractual means. Other transfers:

• donations for investments in cash or in kind;
• taxes on the value of transferred assets;
• indemnities for damages caused by oil spills, major explosions, and side effects of medicines. Other sectors. Migrant transfers: :; transfer of ownership of a fixed asset ; ~"transfers related to the acquisition of a fixed asset
• cash transfers. Debt forgiveness by contractual means: total or partial cancellation of an obligation by the creditor. Other Transfers:
• donations for investments in cash or in kind;
• taxes and inheritance duties and taxes on donations;
• bequests and large donations (example: bequests made to universities for the construction of residences, libraries, etc ...).
• settlements related to avals, sureties, or guarantees: relating to imports, exports, transit operations, and indemnities for termination or non-performance of contracts relating to imports, exports, or transit operations. / .: 16

CODE J-IBELLE 242 2421 24211 2422 24221 2423 24231 ACQUISITION OF NON-FINANCIAL NON-PRODUCED ASSETS Acquisition of intangible non-financial assets, such as patents, copyrights, or trademarks ... Acquisition of intangible non-financial assets, such as patents, copyrights, or trademarks ... Acquisition of tangible non-financial assets (land, subsoil resources) by public administrations or by an international organization (for the purpose of installing an Embassy or a comparable institution) and by other sectors. . Acquisition of tangible non-financial assets (land, subsoil resources) by public administrations or by an international organization (for the purpose of installing an Embassy or a comparable institution) and by other sectors. Baux and transferable contracts Baux and transferable contracts. ". -; 17

CODE LIBELLE 25131 252 2521 25211 2522 25221 2523 ./ 25231 Other transactions (inter-company debts): _.- claims on affiliated companies;

• debt securities issued by affiliated companies; other claims on affiliated companies. DIRECT INVESTMENT ENTERPRISES. Share capital. Share capital:
• claims on direct investors of direct investment enterprises with economic activity;
• claims on direct investors of building and public works companies. Reinvested earnings. Reinvested earnings. Other transactions. Other transactions:
• claims on direct investments including: debt securities issued by direct investors;
• other claims on direct investors. 19

".. CODE LIBELLE 26 - PORTFOLIO INVESTMENT 261 2611 26111 2612 26121 2613 26131 2614 26141 262 2621 26211 26212 26213 26214~ 2622 J 26221 26222 26223 26224 EQUITY SECURITIES (SHARES - PARTS - CERTIFICATES, BOND, etc ...) Monetary authorities Monetary authorities ~ Public administrations Public administrations Banks Banks Other sectors Other sectors DEBT SECURITIES: Bonds and other borrowing securities, with a maturity of more than 1 year ex: non-participating preferred shares and bonds, convertible bonds, and bonds with optional maturity.

• Monetary Authorities
• Public Administrations :'Banks
• Other sectors Money market instruments for short-term negotiable debt (with a maturity of less than or equal to 1 year); ex: Treasury bills, Treasury notes, financial bills, bank acceptances, negotiable certificates of deposit
• Monetary Authorities
• Public administrations
• Banks
• Other sectors. 2623 Financial derivative products; ex: option, warrant, financial futures contract, currency swaps. 26231 26232 26233 26234 • 1 ~.
• Monetary Authorities
• Public administrations :..Banks • Other sectors 20 /

CODE LIBELLE 27 OTHER INVESTMENTS 271 2711 27111 27112 2712 27121 27122 272 2721 27211 2722 27221 273 2731 27311 27312 2732 27321 27322 2733 27331 27332 COMMERCIAL CREDITS Public administrations:

• Long-term commercial credits;
• Short-term commercial credits. Other sectors :
• Long-term commercial credits; :..Short-term commercial credits. EXPORT PRE-FINANCING Public administrations: pre-financing received by the public sector. Public administrations: pre-financing received by the public sector. Other sectors: pre-financing received by the private sector. Other sectors: pre-financing received by the private sector. LOANS Monetary authorities: :; Short-term loans-; -:Long-term loans. Public administrations: c, Short-term loans
• Long-term loans .. Banks:
• Short-term loans;
• Long-term loans. 21

1,;- " i CODE LIBELLE 2734 27341 27342 274 2741 27411 2742 27421 2743 27431 2744 27441 275 2751 27511 27512 2752 27521 27522 2753 27531 27532 2754 27541 27542 Other sectors :

• short-term loans :. ~'long-term loans. FIDUCIARY CURRENCY AND DEPOSITS With Monetary Authorities; With Monetary Authorities; With Public Administrations; With Public Administrations ; With Banks; With Banks; With other sectors; With other sectors. OTHER ASSETS Monetary authorities:
• other long-term assets; :. other short-term assets. Public administrations:
• other long-term assets ;
• other short-term assets. Banks:
• other long-term assets;
• other short-term assets. Other sectors :
• other long-term assets;
• other short-term assets. 22

CODE LIBELLE 28 RESERVE ASSETS 281 2811 28111 282 2821 28211 283 2831 28311 2832 28321 284 2841 28411 28412 2842 28421 28422 28423 MONETARY CURRENCY Monetary gold Monetary gold SPECIAL DRAWING RIGHTS Special Drawing Rights Special Drawing Rights RESERVE POSITION IN THE IMF Deposits Deposits Loans Loans FOREIGN CURRENCY ASSETS Currency and deposits:

• with monetary authorities;
• with banks. Securities:
• equity securities;
• bonds and other debt securities. Money market instruments and financial derivatives. 23

CODE LIBELLE 285 OTHER RECEIVABLES 2851 Currency and deposits. 28511 Currency and deposits. 2852 Securities: 28521 Equity securities; 28522 Debt securities. 29 RECONCILIATION OPERATIONS 291 REVERSALS OF ENTRIES 2911 29111 Reversal of entries. Reversal of entries previously made prior to exit. 292 OPERATIONS TO BE JUSTIFIED 2921 29211 Operations to be justified. Operations to be justified subsequently. 24

CODE LIBELLE 3 EXPENSE OPERATIONS 31 GOODS 311 Imports 3111 General merchandise. 31111 Import of any general merchandise defined by OFIDA (Customs Tariff) and entering national territory. 3112 Goods subject to transformation. 31121 Import of any goods subject to transformation. 3113 Goods subject to repair. 31131 Import of any goods subject to repair. 312 Purchase of goods by resident carriers making stops on foreign territory. 3121 Disbursements made by resident carriers making stops at foreign maritime, riverine, and lacustrine ports for the purchase of various goods; supplies of onboard provisions, coal, bunker fuel, aviation fuel, and other goods. 31211 Disbursements made by resident carriers making stops at foreign maritime, riverine, and lacustrine ports for the purchase of various goods; supplies of onboard provisions, coal, bunker fuel, aviation fuel, and other goods. 3122 Disbursements made by resident carriers making stops at foreign airports for the purchase of various goods; supply of onboard provisions, aviation fuel, and other goods. 25

CODE LIBELLE 31221 Import of non-monetary gold and other precious metals held as value reserves: gold, stones, and other precious metals already worked for jewelry and watchmaking. 31221 3123 31231 Disbursements made by resident carriers making stops at foreign airports for the purchase of various goods; supply of onboard provisions, aviation fuel, and other goods. Disbursements made by resident carriers making stops at foreign railway and road stations for the purchase of various goods; supplies of onboard provisions, fuel, and other goods. Disbursements made by resident carriers making stops at foreign railway and road stations for the purchase of various goods; supplies of onboard provisions, fuel, and other goods. Non-monetary gold. Non-monetary gold and other precious metals held as value reserves. Non-monetary gold and other precious metals held for other purposes. Import of non-monetary gold and other precious metals held for other purposes, notably industrial. Military equipment and supplies.

CODE LIBELLE 31221 3123 31231 313 3131 31311 3132 31321 314 3141 31411 Disbursements made by resident carriers making stops at foreign airports for the purchase of various goods; supply of onboard provisions, aviation fuel, and other goods. Disbursements made by resident carriers making stops at foreign railway and road stations for the purchase of various goods; supplies of onboard provisions, fuel, and other goods: Disbursements made by resident carriers making stops at foreign railway and road stations for the purchase of various goods; supplies of onboard provisions, fuel, and other goods. Non-monetary gold. Non-monetary gold and other precious metals held as value reserves. Import of non-monetary gold and other precious metals held as value reserves: gold, stones, and other precious metals already worked for jewelry and watchmaking. Non-monetary gold and other precious metals held for other purposes. Import of non-monetary gold and other precious metals held for other purposes, notably industrial. Military equipment and supplies. Import of military equipment and supplies. Imports of military equipment and supplies. 26

CODE LIBELLE 32 SERVICES 321 TRANSPORTS. 3211 Maritime transport. 32111 Passengers:

• purchase of maritime passage tickets; exchange of currencies made by non-resident shipping companies and travel agencies corresponding to payments received by them related to the transport of persons and their accompanied or unaccompanied baggage. Freight: payment of freight charges. Time charter with crew:
• sums paid by residents to non-resident carriers for the time charter of their means of transport;
• sums paid by residents to non-resident managers for the operation of their means of transport. Other maritime transport costs
• Port charges: warehousing, customs clearance, towing, repair, maintenance, stevedoring, and mooring costs
• reimbursement of advances to crews of non-resident carriers. Other maritime transport costs not included elsewhere. 27

CODE LIBELLE 3212 Air transport 32121 Passengers:

• purchase of air passenger tickets;
• exchange of currencies made by non-resident airlines and travel agencies corresponding to payments received by them related to the transport of persons and their accompanied or unaccompanied baggage. Freight:
• payment of freight charges. Time charter with crew:
• sums paid by residents to non-resident carriers for the time charter of their means of transport
• sums paid by residents to non-resident managers for the operation of their means of transport. Other air transport costs:
• Airport charges: warehousing, customs clearance, towing, repair, maintenance, stevedoring, and layover costs;
• reimbursement of advances to crews of non-resident carriers. Other air transport costs not included elsewhere. 28

CODE LIBELLE 3213 Other modes of transport 32131 Passengers:

• purchase of passenger tickets;
• exchange of currencies made by resident companies and travel agencies corresponding to payments received by them related to the transport of persons and their accompanied or unaccompanied baggage. Freight:
• payment of freight charges. Time charter with crew:
• sums paid by residents to non-resident carriers for the time charter of their means of transport;
• sums paid by residents to non-resident managers for the operation of means of transport belonging to residents. Other costs for other modes of transport:
• port charges;
• disbursements made by resident carriers making stops abroad for various reasons including: warehousing costs, customs clearance, towing, repair, maintenance, stevedoring, mooring, or layover costs;
• reimbursement of advances to crews of non-resident carriers. Other transport costs for other modes of transport not included elsewhere. 29

CODE LIBELLE 322 TRAVEL. 3221 Travel for professional purposes 32211 3222 32221 32222 32223 323 3231 32311 32312 Expenses for stay and subsistence of travelers going abroad for professional reasons (crews of ships, aircraft, or other modes of transport; businessmen, officials on mission ...). Travel for personal purposes Expenses for stay and subsistence of resident tourists abroad. Expenses for stay and tuition of resident students abroad. Expenses for stay for medical treatment, pilgrimages of residents abroad. VARIOUS SERVICES. Communication services Transactions related to telecommunications, transmission of sounds, images, and other information by telephone, telex, telegram, cable, radio or television, satellite, fax, electronic mail .... including communications via network and teleconferencing and support services. Transactions related to postal and courier services particularly the collection, transport, and distribution of mail and parcels. 30

CODE LIBELLE 3232 32321 32322 3233 32331 32332 32333 32334 Building and public works services. Expenses covering works carried out within the framework of construction and installation projects provided by foreign companies to residents, including those provided to resident Embassies and Consulates including fabrication, assembly, maintenance, repair, transformation, machining, contract work ... Contracting companies: construction and maintenance works of buildings and other civil engineering works. ... Insurance services. Premiums and fees received by non-resident insurance companies for insurance and reinsurance against risks related to goods shipments. Indemnities and compensation received by non-resident companies for insurance and reinsurance against risks related to goods shipments. Premiums and fees for insurance and reinsurance other than on goods transport. Indemnities and compensation for insurance and reinsurance other than on goods transport. 31

CODE 3234 32341 32342 32343 32344 32345 32346 FINANCIAL SERVICES. Banking fees and commissions Commissions and other fees related to securities transactions. Brokerage, bonuses, and rebates Interest and financing costs related to financial operations on merchandise (futures market, SWAP). Service commissions on purchases of IMF resources other than the reserve tranche. Commissions related to unused balances under IMF-approved confirmation or extended arrangements. 3235 IT and information services. 32351 - Transactions on services related to processing of data and information. 32352 - Transactions related to management of IT equipment, hardware consulting, and software applications. 32353 Services provided by news agencies. 32354 Subscriptions and sale of newspapers and periodicals. 32

CODE LIBELLE 3236 32361 32362 32363 3237 32371 32372 32373 Royalties and license fees. Royalties for films and other audio-visual documents. Royalties, fees, or royalties and registration fees on patents, license, manufacturing process, trademark, and artist seals such as: copyrights and reproduction rights; Compensation for counterfeiting. Other business services. International trade and other services related to commerce: commissions on transactions on goods and services. Lease - operation:

• bareboat charter of ships, aircraft, and transport equipment such as railway wagons, containers, barges, etc.;
• real estate income which includes rents. Legal, accounting, and management consulting services:
• advice, representation, and documentation legal;
• accounting, audit, bookkeeping, and tax advice. 33

CODE LIBELLE 32374 Advertising and market research services:

• design, creation, and marketing of advertising;
• placement of ads with media and purchase of advertising space;
• exhibition services provided by trade fairs, promotion of products abroad, market prospecting, and opinion polling on various topics. Architecture, engineering, and other technical services:
• urban planning, planning of construction of structures such as dams, bridges, airports;
• project design and site supervision, turnkey project delivery, surveying, cartography, testing and certification of products;
• technical inspection services ... Agricultural, mining, and processing services at the place of import or export:
• forestry services, services associated with extractive industries (e.g.: ore analysis);
• on-site processing of products such as nuclear waste. Research and development services: basic and applied research. Operating expenses of agencies, sales offices, and representation offices. 34

CODE LIBELLE 32379 Other business services such as security, investigation, translation, interpretation, and building cleaning services. 3238 Other personal services related to education and health. 32381 Personal, cultural, and leisure services. Audio-visual and related services, advertising costs:

• radio and television broadcasts;
• fees paid to actors, producers, etc..
• royalties for distribution rights;
• musical recordings. 32382 Other personal, cultural, and recreational services such as those associated with museums, libraries, archives, and other cultural, sports, and recreational activities. 32383 32384
• fees for services received or provided abroad (including correspondence courses) by teachers or doctors. Contributions to scientific, cultural, artistic, and sports organizations headquartered in the Democratic Republic of Congo. Rental of films and other audio-visual documents. 35

CODE LIBELLE 3239 Services received by public administrations not included elsewhere. 32391 Expenses for operating costs of embassies and consulates, military representations, and Congolese organizations established in a foreign economy. 32392 Expenses incurred for current income of Congolese diplomats and consular staff, as well as persons who are their dependents in the economy where they are posted. 32393 Expenses incurred abroad for the purchase of durable goods for their own use by Congolese public administration staff. 32394 Expenses incurred by other official Congolese entities established abroad (aid missions, tourism and information offices, etc.). 32395 Expenses incurred by the DRC related to chancery fees and Public Treasury not accounted for elsewhere. Fees paid on visa issuance, airport taxes paid, etc.. 32396 Expenses incurred for transactions related to the stationing of Congolese armed forces within the framework of joint military devices and their presence in peacekeeping forces. 36

CODE LIBELLE 33 CURRENT INCOME AND TRANSFERS. 331 EMPLOYEE COMPENSATION 3311 Transfers of savings on salaries, wages, remuneration, fees, 33111 Transfers of savings on salaries, wages, remuneration, fees. 3312 Pensions and social security, family allowances, paid leave, sickness benefits, accident benefits. 33121 Pensions and social security, family allowances, paid leave, sickness benefits, accident benefits. 3313 Remuneration paid to non-residents by institutional entities enjoying extra-territorial status (Embassies, consulates). 33131 Remuneration paid to non-residents by institutional entities enjoying extra-territorial status (Embassies, consulates). 332 INVESTMENT INCOME 3321 Direct investments. 33211 Income from equity securities: dividends from direct investment income earned by non-residents in DRC, including distributed or undistributed profits of branches and reinvested profits. 33212 Income from debt securities:

• interest paid by the direct investor to Congolese affiliated companies;
• income paid on preferred shares without voting rights. 37

CODE LIBELLE 3322 Portfolio investments. 33221 Income from equity securities: dividends from portfolio investment income earned by non-residents in DRC. 33222 Income from debt securities: interest from portfolio investments earned by non-residents in DRC. 3323 Other investments, 33231 Income from other investments for various reasons: interest on loans, deposits, and other receivables made by non-residents in the Democratic Republic of Congo. 33232 Interest paid on the use of credits and loans granted by the IMF. 333 Current transfers. 3331 Public administrations. 33311 Transfers made in cash or via banking by residents for current international cooperation. 33312 In-kind current transfers related to current international cooperation such as donations of food, clothing, medicines, and other consumer goods. 33313 Current taxes on income and wealth and contributions to social security schemes. 3332 Other sectors. 33321 Workers' remittances: transfers of savings on salaries, wages, remuneration, fees, ... 38

CODE LIBELLE 33322 Other transfers:

• donations and aid paid by resident individuals alimony, gifts ...
• gratuitous transfers to non-resident private institutions : philanthropic, cultural, scientific, religious, charitable, educational institutions, ...
• contributions to missionary works. Taxes on income and wealth as well as contributions to social security schemes. 39

CODE LIBELLE 34 CAPITAL ACCOUNT 341 CAPITAL TRANSFERS 3411 Public administrations. 34111 Debt forgiveness by contractual means. 3412 Other transfers:

• donations for investments in cash or in kind.
• Taxes on the value of transferred activities;
• Compensation for damages caused by oil spills, major explosions, and side effects of medications. 34121 Other sectors. 34122 Migrant transfers:
• transfer of ownership of a fixed asset;
• transfers related to the disposal of a fixed asset;
• cash transfers ... 34123 Debt forgiveness by contractual means: total or partial cancellation of an obligation by the creditor. 34124 Other transfers including:
• donations for investments in cash or in kind;
• inheritance tax and gift tax;
• bequests and large donations (bequests to universities for the construction of residences, libraries, etc.);
• settlements related to guarantees, sureties, and bonds relating to imports, exports, transit operations as well as penalties and compensation for termination, breach, or non-performance of contracts relating to imports, exports, or transit operations. 40

CODE LIBELLE 342 SALE OF NON-FINANCIAL NON-PRODUCED ASSETS. 3421 Sale of non-financial intangible assets: patents, copyrights, or trademarks ... 34211 Sale of non-financial intangible assets: patents, copyrights, or trademarks 3422 Sale of non-financial tangible assets (land, subsoil resources) by public administrations or by an international organization and by other sectors. 34221 Sale of non-financial tangible assets (land, subsoil resources) by public administrations or by an international organization and by other sectors. 3423 Leases and other transferable contracts. 34231 Leases and other transferable contracts. 41

CODE LIBELLE 35 DIRECT INVESTMENTS. 351 AFFILIATED COMPANIES. 3511 Share capital. 35111 Share Capital:

• commitments to affiliated companies of direct investment enterprises with economic activity;
• commitments to affiliated companies of direct investment enterprises without economic activity;
• commitments to affiliated companies of building and public works enterprises;
• land transactions on built or unbuilt properties: private residential real estate investments. 3512 Reinvested earnings. 35121 Reinvested earnings. 3513 Other transactions (inter-company debts):
• commitments to affiliated companies;
• commitments issued by affiliated companies;
• other commitments to affiliated companies. 42

CODE LIBELLE 35131 Other transactions (inter-company debts):

• commitments to affiliated companies;
• commitments issued by affiliated companies;
• other commitments to affiliated companies. 352 Direct investment enterprises. 3521 Share capital. 35211 Share Capital
• commitments to direct investors of direct investment enterprises;
• commitments to direct investors of building and public works enterprises; 3522 Reinvested earnings. 35221 Reinvested earnings. 3523 Other transactions. 35231 Other transactions:
• commitments to direct investors including:
• commitments issued by direct investors;
• other commitments to direct investors. 43

CODE LIBELLE 36 PORTFOLIO INVESTMENTS 361 EQUITY SECURITIES: (Shares, Parts, Certificates, etc.) 3611 Banks 36111 Banks 3612 Other sectors 36121 Other sectors 362 DEBT SECURITIES. 3621 Bonds and other debt securities:

• Monetary authorities;
• Public administrations;
• Banks;
• Other sectors. 36211 Money market instruments:
• Monetary authorities;
• Public administrations;
• Banks;
• Other sectors. 36212 Financial derivative products:
• Banks;
• Other sectors. 44

LIBELLE 37 OTHER INVESTMENTS 371 3711 37111 37112 3712 37121 37122 372 3721 37211 3722 37221 373 3731 37311 37312 37313 COMMERCIAL CREDITS. Public administrations:

• short-term commercial credits
• long-term commercial credits Other sectors:
• short-term commercial credits
• long-term commercial credits EXPORT PRE-FINANCING: Public administrations; repayment of export pre-financing by the public sector. Public administrations; repayment of export pre-financing by the public sector. Other sectors; repayment of export pre-financing by the private sector. Other sectors; repayment of export pre-financing by the private sector. LOANS. Monetary authorities:
• use of IMF credits and loans;
• short-term loans
• long-term loans 45

CODE LIBELLE 3732 Public administrations 37321 - short-term loans 37322 - long-term loans 3733 Banks: 37331 - short-term loans 37332 - long-term loans 3734 Other sectors: 37341 - short-term loans 37342 - long-term loans 374 CURRENCY AND DEPOSITS. 3741 Monetary authorities 37411 Monetary authorities. 3742 Banks. 37421 Banks. 375 OTHER LIABILITIES. 3751 Monetary authorities: 37511 - other short-term liabilities; 37512 - other long-term liabilities; 3752 Public administrations: 37521 - other short-term liabilities; 37522 - other long-term liabilities; 3753 Banks: 37531 - other short-term liabilities; 37532 - other long-term liabilities; 3754 Other sectors: 37541 - other short-term liabilities 37542 - other long-term liabilities.

CODE LIBELLE 38 RESERVE COMMITMENTS 381 3811 38111 3812 38121 3813 38131 3814 38141 382 3821 38211 3822 38221 383 3831 38311 3832 38321 3833 38331 3834 38341 BONDS AND OTHER DEBT SECURITIES. To Monetary Authorities To Monetary Authorities To Public Administrations To Public Administrations To Banks To Banks To other sectors To other sectors DEPOSITS. With Monetary Authorities With Monetary Authorities With Banks With Banks OTHER RESERVE COMMITMENTS To Monetary Authorities To Monetary Authorities To Public Administrations To Public Administrations To Banks To Banks To other sectors To other sectors 47

CODE LIBELLE 39 ADJUSTMENT OPERATIONS. 391 39111 392 3921 39211 REVERSALS OF ENTRIES. Reversals of entries posted prior to entry. OPERATIONS TO BE JUSTIFIED. Operations to be justified subsequently. Operations to be justified subsequently. 48

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS. OPERATIONS CODES IN COVERING INSTRUMENTS IN RECEIPTS. CODES LIBELLES OPERATIONS IN RECEIPTS. R1 R 100 R 105 R 110 R 115 R 120 R 125 R 130 OPERATIONS BETWEEN BANKS Spot purchases of foreign currencies at the interbank market at fixing. Spot purchases of foreign currencies at the interbank market outside fixing. Foreign currencies received in settlement of forward exchange contracts concluded at the interbank foreign exchange market. Transfers between banks of foreign currencies in the context of settling commercial and invisible arrears; Payments or transfers other than those mentioned above received from other banks. Reversals of entries posted under one of the D1 headings. Receipts related to the payment of the Foreign Exchange Control Fee.

CODES LIBELLES R2 R200 R205 R210 R3 R300 R305 R 310 R315 R320 OPERATIONS ON FOREIGN ACCOUNTS Foreign currency operations between authorized banks and residents holding foreign accounts. Foreign currency operations between residents holding foreign accounts. Transfers between foreign accounts belonging to the same holder. ARBITRAGE Purchases of foreign currencies from foreign or local correspondents against sales of other foreign currencies. Purchases of foreign currencies from non-residents against sales of other foreign currencies. Debits in RME accounts in the context of foreign currency arbitrage carried out on these accounts. Debits in NRME accounts in the context of foreign currency arbitrage carried out on these accounts. Arbitrage of foreign currencies carried out on foreign accounts.

CODES LIBELLES R4 R400 R405 R410 R415 R5 R500 R505 R510 R515 DEBIT IN RESIDENT FOREIGN CURRENCY ACCOUNTS (R.M.E.) Debits in RME accounts in execution of payments in foreign currencies for the operations provided for in table 28. Transfer to banks of foreign currencies credited to these accounts against national currency. Transfers to the benefit of other RME accounts opened with other banks. Withdrawal of foreign currencies by debit in RME account. DEBIT IN NON-RESIDENT FOREIGN CURRENCY ACCOUNTS (NRME) Debits in NRME accounts in execution of payments in foreign currencies. Transfer to banks of foreign currencies credited to these accounts against national currency. Transfers to the benefit of other NRME accounts opened with other banks. Withdrawal of foreign currencies by debit in NRME account.

CODES LIBELLES R6 R600 R605 R610 R615 R620 R625 R630 R635 R640 R645 R650 R655 Internal Operations Decrease in liabilities arising from documentary credits. Decrease in liabilities following payments of commercial and invisible arrears. Decrease in other liabilities following allocations in foreign currencies received from the Central Bank of the Congo. Decrease in external liabilities of more than one year following external repayments obtained by banks or other monetary institutions. Decrease in liabilities resulting from the repayment of external financing of less than one year obtained by banks. Discount operations: entry of bills denominated in foreign currencies representing imports and exports. Operations with the IMF other than settlements of interest, commissions, and drawings. Increase in gold reserves by purchase. Gain on gold reserves. Adjustment operations for commercial and invisible arrears. Order, passage, waiting, or to-be-justified entries. Counter purchases of foreign currencies.

CODES LIBELLES R1 R 700 R 705 R 710 R 715 R8 R800 R805 R 810 R815 R820 COMMERCIAL AND INVISIBLE ARREARS Movement of the stock of commercial arrears by payments in favor of creditors. Movement of the stock of invisible arrears by payments in favor of creditors. Other movements of the stock of commercial arrears. Other movements of the stock of invisible arrears. FORWARD OPERATIONS IN FOREIGN CURRENCIES Forward purchases of foreign currencies against national currency at authorized banks. Forward purchases of foreign currencies against national currency at residents other than authorized banks. Forward purchases of foreign currencies against national currency at non-residents. Forward purchases of foreign currencies against other foreign currencies at residents or non-residents. Settlement of forward sales of foreign currencies against national currency at authorized banks. 17

CODES LIBELLES R825 R830 R835 Settlement of forward sales of foreign currencies against national currency at residents other than authorized banks. Settlement of forward sales of foreign currencies against national currency at non-residents. Settlement of forward sales of foreign currencies against other foreign currencies at residents or non-residents.

OPERATIONS CODES IN COVERING INSTRUMENTS. CODES LIBELLES OPERATIONS IN EXPENSES. O1 D 100 D 105 D 110 D 115 D 120 D 125 D 130 O2 D200 D205 D210 OPERATIONS BETWEEN BANKS Spot sales of foreign currencies at the interbank market at fixing. Spot sales of foreign currencies at the interbank market outside fixing. Foreign currencies delivered in settlement of forward exchange contracts concluded at the interbank foreign exchange market. Transfers between banks of foreign currencies in the context of settling commercial and invisible arrears. Payments or transfers other than those mentioned above paid to other banks. Reversals of entries posted under one of the R1 headings. Expenses related to the settlement of the Foreign Exchange Control Fee. OPERATIONS ON FOREIGN ACCOUNTS Foreign currency operations between authorized banks and residents holding foreign accounts. Foreign currency operations between residents holding foreign accounts. Transfer between foreign accounts belonging to the same holder.

CODE LIBELLE O3 D300 O305 O310 O315 O320 O4 O400 O405 D410 O415 ARBITRAGE Sales of foreign currencies to foreign or local correspondents against purchases of other foreign currencies. Sales of foreign currencies to non-residents against purchases of other foreign currencies. Credits in RME accounts in the context of foreign currency arbitrage carried out on these accounts. Credits in NRME accounts in the context of foreign currency arbitrage carried out on these accounts. Arbitrage of foreign currencies carried out on foreign accounts. CREDIT IN RESIDENT FOREIGN CURRENCY ACCOUNTS (RME) Credits in RME accounts in execution of payments in foreign currencies for the operations provided for in table 2A. Acquisitions by banks of foreign currencies to be credited to RME accounts against national currency. Transfers to the benefit of other RME accounts opened with other banks. Deposit of foreign currencies into RME account.

CODE LIBELLE O5 D500 D505 D510 D515 O6 O600 O605 O610 O615 O620 D625 CREDIT IN NON-RESIDENT FOREIGN CURRENCY ACCOUNTS (N.R.M.E.) Credits in NRME accounts in execution of payments in foreign currencies. Acquisitions by banks of foreign currencies against national currency. Transfers to the benefit of other NRME accounts opened with other banks. Deposit of foreign currencies into NRME account. INTERNAL OPERATIONS Increase in liabilities arising from documentary credits. Increase in liabilities resulting from the receipt of allocations for payments of commercial and invisible arrears. Increase in other liabilities following allocations in foreign currencies received from the Central Bank of the Congo. Increase in external liabilities of more than one year resulting from recourse to external financing by banks or other monetary institutions. Increase in bank liabilities resulting from external financing of less than one year. Discount operations: exit of bills denominated in foreign currencies representing imports and exports.

CODE LIBELLE D630 D635 O640 D645 O650 O655 D660 D665 O670 O7 O700 O705 D710 D 715 Operations with the IMF other than settlements of interest, commissions, and drawings. Decrease in gold reserves by sale. Loss on gold reserves. Adjustment operations for commercial and invisible arrears Order, passage, waiting, or to-be-justified entries. Counter sales of Foreign Currencies. Allocations in Foreign Currencies. Making available for purchase of travel tickets. Mission expenses in cash in foreign currencies. COMMERCIAL AND INVISIBLE ARREARS Movement of the stock of commercial arrears by payments by debtors; Movement of the stock of invisible arrears by payments by debtors. Other movements of the stock of commercial arrears. Other movements of the stock of invisible arrears.

CODE LIBELLE O8 O800 D810 O815 O820 O825 O830 D835 D840 FORWARD OPERATIONS IN FOREIGN CURRENCIES Forward sales of foreign currencies against national currency at authorized banks. Forward sales of foreign currencies against national currency at residents other than authorized banks. Forward sales of foreign currencies against national currency at non-residents. Forward sales of foreign currencies against other foreign currencies at residents or non-residents. Settlement of forward purchases of foreign currencies against national currency at authorized banks. Settlement of forward purchases of foreign currencies against national currency at residents other than authorized banks. Settlement of forward purchases of foreign currencies against national currency at non-residents. Settlement of forward purchases of foreign currencies against other foreign currencies at residents or non-residents.

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS BANK CODES CODE LIBELLE 10 CENTRAL BANK OF THE CONGO (BCC) 1001 KINSHASA 1021 MATADI 1020 BOMA 1023 MBANZA NGUNGU 1024 MUANDA 1025 TSHIELA BANDUNDU INONGO 1043 KENGE 1041 KIKWIT 1080 MBANDAKA 1084 BASANKUSU 1086 BOENDE 1082 BUMBA 1087 GBADOLITE 1083 GEMENA 1085 LISALA 1081 ZONGO 1090 KANANGA 1091 ILESO 1092 TSHIKAPA 1093 TSHIMBULU 1060 MBUJI MAYI 1062 LODJA 1061 MWENEDITU 1064 KABINDA 1030 LUBUMBASHI 1031 KALEMIE 1033 KAMINA 1034 KOLWEZI 1032 LIKASI 1073 KINDU 1072 GOMA 1071 BENI 1074 BUTEMBO 1050 KISANGANI 1052 BUNIA 1053 BUTA 1054 ISIRO 1070 BUKAVU 1075 UVIRA

CODE LIBELLE 11 COMMERCIAL BANK OF THE CONGO (BCDC) 1101 KINSHASA GOMBE/ROYAL LIMETE 1121 MATADI 1120 BOMA 1140 BANOUNOU 1141 KIKWIT 1180 MBANDAKA 1182 BUMBA 1187 GBADOLITE 1183 GEMENA 1190 KANANGA 1191 ILEBO 1192 TSHIKAPA 1160 MBUJI-MAYI 1161 MWENEDITU 1130 LUBUMBASHI 1131 KALEMIE 1133 KAMINA 1136 KIPUSHI 1134 KOLWEZI 1132 LIKASI 1173 KINDU 1176 KALI MA 1172 GOMA 1171 BENI 1174 BUTEMBO 1150 KISANGANI 1152 BUNIA 1153 BUTA 1154 ISIRO 1170 BUKAVU 1175 UVIRA 22 UNION OF CONGOLESE BANKS (UBC) 2201 KINSHASA 2220 BOMA 2261 MWENEDITU 2230 LUBUMBASHI 2234 KOLWEZI 2272 GOMA 2271 BENI 2260 MBUJI MAYI 2274 BUTEMBO 2250 KISANGANI 2252 BUNIA 2254 ISIRO 2270 BUKAVU

CODE LIBELLE 33 CONGOLESE BANK FOR FOREIGN TRADE (BCCE) 3301 KINSHASA KINSHASA PORT KINSHASA CCIC LEMBA UNIKIN NSELE AERO 3320 BOMA 3322 INKISI 3323 MBANZA NGUNGU 3324 MUANDA 3325 TSHIELA 3340 BANDUNDU 3342 INONGO 3343 KENGE 3380 MBANDAKA 3384 BASANKUSU 3386 BOENDE 3387 GBADOLITE 3383 GEMENA 3385 LISALA 3381 ZONGO 3390 KANANGA 3393 TSHIMBULU 3360 MBUJI MAYI 3364 KABINDA 3362 LODJA 3330 LUBUMBASHI 3372 GOMA 3371 BENI 3350 KISANGANI 3354 ISIRO 3370 BUKAVU 3375 UVIRA 3334 KOLWEZI 3332 LIKASI 3374 BUTEMBO 42 CONGOLESE BANK (BC) 4201 KINSHASA 44 INTERNATIONAL BANK FOR AFRICA IN CONGO (BIAC) 4401 KINSHASA 4430 LUBUMBASHI 45 CONGOLESE DEVELOPMENT BANK (BCD) 4501 KINSHSA 4530 LUBUMBASHI 4572 GOMA 46 FIRST BANKING CORPORATION (First Bank) 4630 LUBUMBASHI 51 RWA BANK 5101 KINSHASA

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS CURRENCY CODES Code Denomination Symbol 04 Danish Krone DKK 05 Norwegian Krone NOK 06 Swedish Krona SEK 01 Deutsche Mark DEM 71 Canadian Dollar CAD 70 United States Dollar USD 69 Special Drawing Rights (SDR) XDR 55 Portuguese Escudo PTE 72 Euro EUR 50 Dutch Guilder NLG 98 Belgian Franc BEF 97 Burundian Franc BIF 11 CFA Franc XAF 10 French Franc FRF 96 Rwandan Franc RWF 03 Swiss Franc CHF 02 Italian Lira ITL 20 Pound Sterling GBP 58 Spanish Peseta ESP 21 South African Rand ZAR 07 Austrian Shilling ATS 35 Kenyan Shilling KES 78 Japanese Yen JPY

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS CODIFICATION OF COUNTRIES COUNTRY NAME CODE ABBREVIATION

1. AFRICA ALGERIA 101 DZA CANARY ISLANDS 102 CAR EGYPT 103 EGY LIBYA 104 LBY MOROCCO 105 MAR TUNISIA 106 TUN BENIN 107 BEN BURKINA FASO 108 BFA CAPE VERDE 109 CPV COTE D'IVOIRE 110 CIV GAMBIA 111 GMB GHANA 112 GHA GUINEA 113 GIN GUINEA-BISSAU 114 GNB LIBERIA 115 LBR MALI 116 MLI MAURITANIA 117 MRT NIGER 118 NER NIGERIA 119 NGA SENEGAL 120 SEN SIERRA LEONE 121 SLE CHAD 122 TCD TOGO 123 TGO CAMEROON 124 CMR CENTRAL AFRICAN REPUBLIC 125 CAF CONGO (BRAZZAVILLE) 126 COG CONGO (DRC) 127 COD GABON 128 GAB EQUATORIAL GUINEA 129 GNQ SAO TOME AND PRINCIPE 130 STP DJIBOUTI 131 DJI ERITREA 132 ERT ETHIOPIA 133 ETH SOMALIA 134 SOM SUDAN 135 SDN BURUNDI 136 BDI KENYA 137 KEN UGANDA 138 UGA

2/ COUNTRY NAME CODE ABBREVIATION 1 RWANDA 139 RWA TANZANIA 140 TZA SOUTH AFRICA 141 ZAF ANGOLA 142 AGO BOTSWANA 143 BWA LESOTHO 144 LSO MALAWI 145 MWI MOZAMBIQUE 146 MOZ NAMIBIA 147 NAM SWAZILAND 148 SWZ ZAMBIA 149 ZMB ZIMBABWE 150 ZWE ARUBA 151 ABW MADAGASCAR 152 MDG COMOROS 153 COM REUNION 154 REU MAURITIUS 155 MUS SEYCHELLES 156 SYC

3/ COUNTRY NAME CODE ABBREVIATION 2. EUROPE DENMARK 201 DNK FINLAND 202 FIN ICELAND 203 ISL NORWAY 204 NOR SWEDEN 205 SWE ANDORRA 206 AND AUSTRIA 207 AUT BELGIUM 208 BEL SPAIN 209 ESP FAROE ISLANDS 210 FRO FRANCE 211 FRA GIBRALTAR 212 GIB UNITED KINGDOM 213 GBR GREECE 214 GRC ITALY 215 ITA LIECHTENSTEIN 216 LIE LUXEMBOURG 217 LUX MALTA 218 MLT NETHERLANDS 219 NLD PORTUGAL 220 PRT ISRAEL 221 ISR FEDERATIVE REPUBLIC OF GERMANY 222 DEU IRISH REPUBLIC 223 IRL SWITZERLAND 224 CHE TURKEY 225 TUR ALBANIA 226 ALB BELARUS 227 BLR BOSNIA 228 BIH BULGARIA 229 BGR CROATIA 230 HRV ESTONIA 231 EST GEORGIA 232 GEO HUNGARY 233 HUN LATVIA 234 LVA LITHUANIA 235 LTU MOLDOVA 236 MDA UZBEKISTAN 237 UZB POLAND 238 POL FEDERATIVE REPUBLIC OF RUSSIA 239 RUS CZECH REPUBLIC 240 CZE ROMANIA 241 ROM SLOVENIA 242 SVN SLOVAKIA 243 SVK UKRAINE 244 UKR 17

4/ COUNTRY NAME CODE ABBREVIATION 3. AMERICA CANADA 301 CAN UNITED STATES OF AMERICA 302 USA ANGUILLA 303 AIA ANTIGUA 304 ATG NETHERLANDS ANTILLES 305 ANT BAHAMAS 306 BHS BARBADOS 307 BRB BELIZE 308 BLZ BERMUDA 309 BMU COSTA RICA 310 CRI CUBA 311 CUB DOMINICA 312 DMA EL SALVADOR 313 SLV GRENADA 314 GRD GUATEMALA 315 GTM HAITI 316 HTI HONDURAS 317 HND JAMAICA 318 JAM MEXICO 319 MEX NICARAGUA 320 NIC PANAMA 321 PAN DOMINICAN REPUBLIC 322 DOM ST KITTS-NEVIS 323 KNA ST LUCIA 324 LCA ST PIERRE AND MIQUELON 325 SPM ST VINCENT 326 VCT TRINIDAD AND TOBAGO 327 TTO ARGENTINA 328 ARG BOLIVIA 329 BOL BRAZIL 330 BRA CHILE 331 CHL COLOMBIA 332 COL ECUADOR 333 ECU GUYANA 334 GUY FRENCH GUIANA 335 GUF PARAGUAY 336 PRY PERU 337 PER SURINAME 338 SUR URUGUAY 339 URY VENEZUELA 340 VEN

5/ COUNTRY NAME CODE ABBREVIATION 4. ASIA. AFGHANISTAN 401 AFG SAUDI ARABIA 402 SAU ARMENIA 403 ARM AZERBAIJAN 404 AZE BAHRAIN 405 BHR BANGLADESH 406 BGD CYPRUS 407 CYP UNITED ARAB EMIRATES 408 ARE INDIA 409 IND IRAQ 410 IRQ IRAN 411 IRN ISRAEL 412 ISR JORDAN 413 JOR KAZAKHSTAN 414 KAZ KUWAIT 415 KWT LEBANON 416 LBN NEPAL 417 NPL OMAN 418 OMN PAKISTAN 419 PAK PALESTINE 420 PAL QATAR 421 QAT SRI LANKA 422 LKA SYRIA 423 SYR YEMEN 424 YEM BRUNEI 425 BRN BHUTAN 426 BTN CAMBODIA 427 KHM CHINA 428 CHN NORTH KOREA 429 PRK SOUTH KOREA 430 KOR HONG KONG 431 HKG INDONESIA 432 IDN JAPAN 433 JPN LAOS 434 LAO MACAO 435 MAC MALAYSIA 436 MYS MONGOLIA 437 MNG MYANMAR (BURMA) 438 MMR PHILIPPINES 439 PHL SINGAPORE 440 SGP TAIWAN 441 TWN TAJIKISTAN 442 TJK THAILAND 443 THA TURKMENISTAN 444 TKM VIETNAM 445 VNM

6/ COUNTRY NAME CODE ABBREVIATION 5. OCEANIA AUSTRALIA 501 AUS PAPUA NEW GUINEA 502 PNG NEW ZEALAND 503 NZL FIJI ISLANDS 504 FJI PACIFIC ISLANDS (USA) 505 PAC SOLOMON ISLANDS 506 SLB TONGA ISLANDS 507 TON TUVALU ISLANDS 508 TUV NAURU 509 NRU WESTERN SAMOA 510 WSM VANUATU 511 VUT MALDIVES 512 MDV KIRIBATI 513 KIR 6. OTHER COUNTRIES OTHER COUNTRIES 601 ATP

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS SUB-TYPE CODES FOR DECLARATIONS MODELS Ea, IB, ES, IS, Re CODE LIBELLE 01 Export with repatriation 02 Temporary export for rental 03 Temporary export for repair 04 Temporary export for processing 05 Temporary export return of packaging 06 Export on consignment 07 Export without repatriation 08 Export for reimbursement/pre-financing 09 Others (to be specified) 20 Temporary import 21 Import transit 22 Import under customs 23 Import S.A.D. 24 Import Donations/Government Aid 25 Import Donations/Private Aid 26 Imports Capital Contributions

CENTRAL BANK OF THE CONGO CODE OF FOREIGN EXCHANGE OPERATIONS PAYMENT MODE CODES CODE LIBELLE 01 CREDIT CARD 02 DIRECT TRANSFER 03 DOCUMENTARY COLLECTION 04 CASH CURRENCY 05 BANK CHECK 06 OTHERS TO BE SPECIFIED

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS TRANSPORT MODE CODES CODE LIBELLE 01 Maritime Transport 02 Lake Transport 03 River Transport 04 Air Transport 05 Rail Transport 06 Road Transport 07 Others

CODE LIBELLE ABBREVIATION 10 METER M 13 KILOMETER 1000M 20 SQUARE METER M2 21 YARDS 30 CUBIC CENTIMETER CM3 31 BOTTLE OF 75 CM3 33 LITER L 35 HECTOLITER HL 36 CUBIC METER M3 37 1000 M3 38 1000 LITERS 39 BARREL OF 200 LITERS 40 KILOWATT HOUR KWH 50 GRAM GR 51 TEN GRAMS 10GR 52 HUNDRED GRAMS 100GR 53 KILOGRAM KG 55 HUNDRED KILOGRAMS 100 KG 56 TON T 57 1000 TONS 59 CARAT CARAT 60 ROD ROD 62 HUNDRED RODS 100TG 65 FIFTY RODS 50 TG 70 PIECE PIECE 72 HUNDRED PIECES 100PE 73 TEN PIECES 10 PE 75 HEAD HEAD 76 SET SET 77 PAIR PAIR 79 1000 PAIRS 78 PACKAGING CONDIT. 85 BAG 88 BAGS OF 60 KG. 90 PER TEN THOUSAND 0/000 91 PER THOUSAND 0/00 92 PER CENT 0/0 95 CARTON

CENTRAL BANK OF THE CONGO CODIFICATION OF FOREIGN EXCHANGE OPERATIONS STATISTICAL UNIT CODES