List of governors of the Banque Centrale du Congo
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This is a list of the governors of the Central Bank of Congo.[1]
Article 17 of Law No. 005/2002 of 7 May 2002, concerning the establishment, organization, and functioning of the Central Bank of Congo, outlines the bank's governing bodies as follows:[1]
- The Bank Council;
- The Governor;
- The Board of Auditors.
As for the Bank Council and the Board of Auditors, these two bodies have not been operational for some time. In practice, only the Governor's Office is currently functioning, maintaining the former structure which includes the executive management, head office directorates, provincial directorates, and autonomous agencies.[1]
The powers and responsibilities of the governor are defined in Articles 29 and 31 of Law No. 005/2002 of 7 May 2002. The governor directs the bank and represents it in its dealings and relations with third parties, including the government. In this capacity, the governor has the following powers:[1]
- To sign alone the banknotes and securities issued by the bank, the annual reports, balance sheets, and income statements;
- To sign, alone or jointly with others, contracts concluded by the bank, correspondence, and other official documents;
- To sign, in accordance with the bank's personnel regulations, employment, promotion, and dismissal decisions;
- To represent the bank in legal proceedings;
- To delegate powers conferred by law to bank officials.
In performing his duties, the governor is assisted by the vice-governor. The latter exercises functions delegated to him by the governor. In the event of the governor's absence or incapacity, the vice-governor acts as his replacement.[1]