Regulatory Alerts2018-12-13
Added · Updated
Law No. 18/027 of 13 December 2018 on the Organization and Operation of the Central Bank
Law No. 18/027 establishes the organization and functioning of the Central Bank of the Congo, defining its primary objective of price stability and its missions including monetary policy, banking supervision, and financial system stability. The law grants the Bank operational independence, sets its capital at 213 billion Congolese francs fully subscribed by the State, and prohibits it from financing the government or engaging in commercial activities. It introduces new governance structures, including a 13-member Board and an audit committee, while mandating transparency, accountability, and the use of profitable assets to ensure financial resilience.
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