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Comorian francs

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Play Comorian Francs Online CasinoThe official currency of Comoros is the Comorian franc. The Comorian franc is divided into 100 centimes. Its value is pegged to the Euro Overnight Index Average. Comorian francs are one of the most stable currencies in the world and have been in circulation since 1981. Although it has a high unemployment rate and poor educational standards, the Comorian franc is widely accepted around the world.The Comorian franc is the official currency of the Union of the Comoros, an island nation located in the Indian Ocean near Madagascar and Mozambique. The Comorian franc is divided into 100 centimes, which are also called komoreans.” Originally pegged to the French franc, the franc is now linked to the euro and is expected to join the European Union as of 2020. The currency is divided into 100 cents, and the Comorian franc enjoys a healthy exchange rate with the Euro.The reverse of a Comorian franc is similar to that of a 50-franc French coin. The face value, “10 FRANCS,” is rendered in two lines, and the name of the Comorian Central Bank is inscribed clockwise from the left and right rims. At the bottom of the piece, the Gregorian date of minting is written horizontally. On both coins, the privy mark of the Graveur gГ©nГ©ral des monnaies is a dolphin, a symbol of Emile Rousseau.The stability of the Comorian franc is based on strict monetary and credit discipline. The central bank of Comoros must hold at least twenty percent of its sight liabilities in foreign currency. The government can’t draw more than twenty percent of its budget receipts from central bank funds. The ministers of finance of the French-franc area meet biannually. The agreement is a reciprocal arrangement that dates back over a century.”