Central Bank of the Comoros
The Central Bank of the Comros is the national central bank of the Comoros, a group of islands in the Indian Ocean.
Operations
The statutes of the BCC state that its board of directors shall have eight members who are chosen from the Comorian Government, the French Central Bank and the French government. The Central Bank was formerly responsible for administering the currency under the CFA Franc model. The post of Deputy Director of the Central Bank of the Comoros is held by a Banque de France official, who is responsible for monetary policy. Since 19 November 1999, all the central bank's official rates have been pegged to the Euro Overnight Index Average leading to a stabilisation of interest rate differentials with the euro.The BCC applies a compulsory reserves system, formerly 30% of deposits but reduced to 25% in 2011, and a bank monitoring system. The headquarters are located in Moroni.
Banking system
The Comorian banking system is constituted of six different banks: the Central Bank ; the Banque pour l'Industrie et le Commerce des Comores, the Banque de Développement des Comores, the Banque Fédérale de Commerce, the Exim Bank Comores SA and the Société Nationale des Postes et des Services Financiers. In addition, two mutual savings banks play a role.One of the roles of the Central Bank of the Comoros is to approve the establishment of new banks on all three islands of the Union of Comoros.
Governors
The governor is appointed for a five-year term.| Name | Took office | Left office | |
| Said Mohamed Mshangama | 1978 | 1981 | director |
| Mohamed Halifa | 1981 | 1996 | |
| Said Ahmed Said Ali | 1996 | 2002 | |
| Ibrahim Ben Ali | 2002 | 2005 | |
| Ahamadi Abdoulbastoi | 2005 | 2010 | |
| Mzé Abdou Mohamed Chanfiou | 2011 | 2017 | |
| Younoussa Imani | 2017 | Incumbent |