Essai sur la zone monétaire belge

SUMMARY Monetary relations between Belgium and the Belgian Congo have under gone substantial modification at various times since that African State has been officially established b.v the Berlin Act 1S8 During the two World Wars the Belgium Congo being cut oft from the mother country wholly directed its trade and financial transactions towards reat-Britain and adopted common policy with the British Com monwealth In this manner OD two occasions tlie currency of the Belgian Congo happened to be connected with the sterling area At the end of the war one could have feared that owing to tlie divergent directions in which the economy of the mother country and of its colony had moved their respective currencies might slidw material disparity which would make it difficult to restore the former relations existing bet ween them Holwever owing to the clever policy pursued in this matter as well as to the favorable economic and financial conditions it has been possible in each case to resume the monetary relations between Belgium and the Belgian Congo on sound basis At the present time the franc of the Belgian Congo is au indépendant currency issued by an autonomous Institute but it is still linl to the Belgian franc by fixed parityLefort Charles. Essai sur la zone monétaire belge. In: Revue économique, volume 5, n°4, 1954. pp. 565-589