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Central Bank Of The Congo
The Central Bank of the Congo (french: Banque centrale du Congo) is the central bank of the Democratic Republic of the Congo. The bank's main offices are on Boulevard Colonel Tshatshi in La Gombe in Kinshasa. The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. On 5 May 2012 the Central Bank of the Democratic Republic of Congo announced it would be making specific commitments to financial inclusion under the Maya Declaration. Regional operations The central bank operates a network of regional branches across the DRC, the largest country in Sub-Saharan Africa. Branches can be found in Lubumbashi, Goma, Kamina, Kasumbalesa, Kikwit, Tshikapa, Ilebo and Matadi. In cities where the central bank is not present, a commercial bank can be appointed to represent it; Trust Merchant Bank performs such a role in Likasi and Kolwezi. History From 1886 to 1908, King Leopold II of the Belgians ruled the Congo Fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Merchant Bank
Trust Merchant Bank or TMB, is a commercial bank based in the Democratic Republic of Congo (DRC), with its headquarters located in Lubumbashi. The bank began operations in 2004. TMB operates in all sectors of the local banking market, including in retail banking, SME banking, corporate banking, and mobile banking. The bank is regulated by the Central Bank of Congo and is a member of the Association Congolaise des Banques. Overview Trust Merchant Bank is one of the DRC's largest banks as measured by regulatory equity, total assets and turnover. As of 31 December 2019, total assets were in excess of US$1bn, equivalent to approximately 12% of total bank assets in the DRC, with shareholders' equity of US$96mn. TMB is a member of the SWIFT interbank network (TRMSCD3L) and is also a principal member of MasterCard, and Visa. Bank Characteristics Trust Merchant Bank has several unique characteristics: * TMB was the first Congolese financial institution to launch a proprietary mobile ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgian Congo
The Belgian Congo (french: Congo belge, ; nl, Belgisch-Congo) was a Belgian colony in Central Africa from 1908 until independence in 1960. The former colony adopted its present name, the Democratic Republic of the Congo (DRC), in 1964. Colonial rule in the Congo began in the late 19th century. King Leopold II of the Belgians attempted to persuade the Belgian government to support colonial expansion around the then-largely unexploited Congo Basin. Their ambivalence resulted in Leopold's establishing a colony himself. With support from a number of Western countries, Leopold achieved international recognition of the Congo Free State in 1885. By the turn of the century, the violence used by Free State officials against indigenous Congolese and a ruthless system of economic exploitation led to intense diplomatic pressure on Belgium to take official control of the country, which it did by creating the Belgian Congo in 1908. Belgian rule in the Congo was based on the "colonial tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgium
Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to the southwest, and the North Sea to the northwest. It covers an area of and has a population of more than 11.5 million, making it the 22nd most densely populated country in the world and the 6th most densely populated country in Europe, with a density of . Belgium is part of an area known as the Low Countries, historically a somewhat larger region than the Benelux group of states, as it also included parts of northern France. The capital and largest city is Brussels; other major cities are Antwerp, Ghent, Charleroi, Liège, Bruges, Namur, and Leuven. Belgium is a sovereign state and a federal constitutional monarchy with a parliamentary system. Its institutional organization is complex and is structured on both regional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German East African Rupie
The Rupie was the currency of German East Africa between 1890 and 1916, continuing to circulate in the Tanganyika Territory until 1920. History The Indian rupee was the dominant currency used along the East African coast during the second half of the 19th century where it had marginalized the American gold dollar and the Maria Theresa thaler. The German East Africa Company acquired rights to mint coinage in 1890 and issued rupies which were equivalent to the Indian and Zanzibar rupee. The Company retained its coinage rights even after the takeover of German East Africa by the government later in 1890. In 1904 the German government took over currency matters and established the Ostafrikanische Bank. The Rupie was initially equivalent to the Indian rupee. Until 1904, it was subdivided into 64 ''Pesa'' (equivalent to the Indian ''pice'' or ''paisa''). The currency was decimalized on 28 February 1904, with 1 Rupie = 100 '' Heller''. At the same time, a fixed exchange rate of 15 Rupi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Empire
The German Empire (),Herbert Tuttle wrote in September 1881 that the term "Reich" does not literally connote an empire as has been commonly assumed by English-speaking people. The term literally denotes an empire – particularly a hereditary empire led by an emperor, although has been used in German to denote the Roman Empire because it had a weak hereditary tradition. In the case of the German Empire, the official name was , which is properly translated as "German Empire" because the official position of head of state in the constitution of the German Empire was officially a "presidency" of a confederation of German states led by the King of Prussia who would assume "the title of German Emperor" as referring to the German people, but was not emperor of Germany as in an emperor of a state. –The German Empire" ''Harper's New Monthly Magazine''. vol. 63, issue 376, pp. 591–603; here p. 593. also referred to as Imperial Germany, the Second Reich, as well as simply Germany, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruanda-Urundi
Ruanda-Urundi (), later Rwanda-Burundi, was a colonial territory, once part of German East Africa, which was occupied by troops from the Belgian Congo during the East African campaign in World War I and was administered by Belgium under military occupation from 1916 to 1922. It was subsequently awarded to Belgium as a Class-B Mandate under the League of Nations in 1922 and became a Trust Territory of the United Nations in the aftermath of World War II and the dissolution of the League. In 1962 Ruanda-Urundi became the two independent states of Rwanda and Burundi. History Ruanda and Urundi were two separate kingdoms in the Great Lakes region before the Scramble for Africa. In 1897, the German Empire established a presence in Rwanda with the formation of an alliance with the king, beginning the colonial era. They were administered as two districts of German East Africa. The two monarchies were retained as part of the German policy of indirect rule, with the Ruandan king (''mwami ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franc
The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (Style of the French sovereign, King of the Franks) used on early France, French coins and until the 18th century, or from the French language, French ''franc'', meaning "frank" (and "free" in certain contexts, such as ''coup franc'', "free kick"). The countries that use francs today include Switzerland, Liechtenstein, and most of Francophone Africa. The Swiss franc is a major world currency today due to the prominence of Switzerland, Swiss Banking in Switzerland, financial institutions. Before the introduction of the euro in 1999, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender (Monégasque franc). The franc was also used within the French colonial empires, French Empire's colonies, including Algeria and Cambodia. The franc is sometim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Decree
A decree is a legal proclamation, usually issued by a head of state (such as the president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of law. The particular term used for this concept may vary from country to country. The ''executive orders'' made by the President of the United States, for example, are decrees (although a decree is not exactly an order). Decree by jurisdiction Belgium In Belgium, a decree is a law of a community or regional parliament, e.g. the Flemish Parliament. France The word ''décret'', literally "decree", is an old legal usage in France and is used to refer to executive orders issued by the French President or Prime Minister. Any such order must not violate the French Constitution or Civil Code, and a party has the right to request an order be annulled in the French Council of State. Orders must be ratified by Parliament before they can be modified into legislative Acts. Specia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congo Free State
''(Work and Progress) , national_anthem = Vers l'avenir , capital = Vivi Boma , currency = Congo Free State franc , religion = Catholicism (''de facto'') , leader1 = Leopold II of Belgium , year_leader1 = 1885–1908 , title_leader = Sovereign , representative1 = F. W. de Winton , year_representative1 = 1885–1886 , representative2 = Théophile Wahis , year_representative2 = 1900–1908 , title_representative = Governor-General , today = Democratic Republic of the Congo , demonym = , area_km2 = 2,345,409 , area_rank = , percent_water = 3.32 , population_estimate = 9,130,000 , population_estimate_year = 1907 , population_density_km2 = 3.8 , GDP_PPP = , GDP_PPP_year = , HDI = , HDI_year = The Congo Free State, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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