Comoros - Banking and securities



The Central Bank of the Comoros was established in 1981. The Banque Pour l' Industrie et le Commerce, is the main commercial bank; the French Commercial Bank is also represented. The Banque de Développement des Comores is half state owned. The Banque Nationale de Paris Intercontinentale is the only international financial institution.

The International Monetary Fund reports that in 2001, currency and demand deposits—an aggregate commonly known as M1—were equal to $41.7 million. In that same year, M2—an aggregate equal to M1 plus savings deposits, small time deposits, and money market mutual funds—was $57.2 million.

There are no securities exchanges.

Also read article about Comoros from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA