Comoros Currency Fluctuations Last updated on
Monday 19th April 2010
The currency of the Comoros is the Comoros franc, divided into 100 centimes.
Along with other countries of the franc zone, the Comoros was affected by the devaluation of the French currency in January 1994. The Comoros government, however, insisted that the devaluation of its franc should be only 33% and not 50% as elsewhere. It was subsequently allowed a lesser devaluation because of its remoteness. The exchange rate became FF1=CF75, with both inflation and the price of imports rising.
The government made a commitment to the IMF (International Monetary Fund) in 1994 to attempt economic growth of 0.7% while maintaining the current account deficit at not more than 20% and inflation at 15%.
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Official Name
Federal Islamic Republic of the Comoros
Location
Four islands in the Mozambique Channel roughly 500km west of the northern tip of Madagascar and 300km east of Mozambique....
Overview
History
Early history
French rule
Rise of nationalism
Independence
Post-independence
The mercenary coup
The military coup
Geography
Topography
Climate
Demographics
Flora...
The present culture of the Comoros is very similar to that of the Swahili people on the African coast from Somalia to Mozambique.
Because of rival sultanates on the islands, in the...
The independence of the Comoros was proclaimed in July 1975 by Ahmed Abdallah, the archipelago’s main rice exporter and Prime Minister of the semi-autonomous local government. The...
The Comoros climate is tropical with a monsoom season from November to April. The range of annual rainfall is from 109 to 551 cm (43 to 217 in); there are frequent cyclones.
Until 1974, the Comoros were controlled by France. In that year, the majority of the population except on Mahoré (Mayotte) voted for independence, which was unilaterally declared in July...
The Comoros' land is mostly desert and the only green area is found in the basalt ranges of the northern region. Agriculture is confined to oases and to a few spots along the coast; it...
