Issuance of coins of 5 Francs (silver) and 10, 5 Cents (bronze) in the name of the Sultan of Ngazidja (Grande Comore) in French currency; the production had been authorized by the undersecretary of state for the colonies on 11.10.1889
12.09.1916
Issuance of card money for Madagascar validated with a postal stamp of 50 Cents of Mwali (Mohéli) island; most probably for general use in Madagascar (& Dependencies).
around 1915
Issuance of emergency subsidiary coinage of 2, 1, ½, ¼ Francs by the chartered company "Société Anonyme de la Grande-Comore"
22.12.1925
Law on the establishment of the Bank of Madagascar as colonial bank for Madagascar & Dependencies; effective upon constitution of the bank on ??.04.1926. - 16.11.1950: Ordinance [No. 50-1425] on the reconstitution as "Bank of Madagascar and the Comoros"; effective 01.01.1951
25.12.1945
Ordinance [No. 45-0135] on the creation of two French colonial currencies (CFA Franc for Africa and CFP Pranc for the Pacific); effective immediately
30.12.1948
Ordinance [No. 48-2001] on the issuance of subsidiary coins to the CFA Franc for Madagascar (and the Comoros); effective immediately. - 24.12.1953: Ordinance [No. 53-1278] on the issuance of additional subsidiary coins; effective immediately.
29.03.1950
Law [No. 50-375] on the reconstitution of the Bank of Madagascar as colonial bank for the Madagascar and Comoros territories (after the separation of 1946); effective 01.01.1951 by ordinance [No. 50-1425] of 16.11.1950 which also establishes the name "Bank of Madagascar and the Comoros"
1950-1951
Start of issuance of paper money to the CFA Franc by the Bank of Madagascar and the Comoros
Time Period: 1962-
Currency: Comorian Franc
Transition
1 : 1 CFA Franc
Sub-units
Franc / 100 Cents
ISO4217
KMF
Timeline
01.04.1962
Agreement between the French State and the Bank of Madagascar and the Comoros on the bank's status as issuing institute for the Comoros; effective 31.07.1962 by the French finance law [No. 62-873]
30.06.1963
Start of issuance of paper money of the Bank of Madagascar and the Comoros overprinted "Comores" - 31.12.1964: Demonetization of the overprinted notes (by decree of 07.10.1964)
30.04.1964
Decree of the French minister of finance on the issuance of subsidiary coins for the Comoros; effective immediately
21.12.1973
Withdrawal of the issuance privilege for paper money from the Bank of Madagascar and the Comoros (after the termination of the currency cooperation between France and Madagascar on 01.07.1973); effective immediately by the French finance law [No. 73-1128]. - Note: the bank continued to render monetary services until the establishment of the Currency Institute on 01.01.1975.
31.12.1974
Ordinance [No. 74-1176] on the establishment of the Currency Institute of the Comoros; effective immediately. - 31.12.1974: Ordinance [No. 74-1177] on the termination of all services of the Bank of Madagascar and the Comoros; effective immediately. - 30.05.1975: Ordinance [No. 75-443] on the transfer of the responsibility for the issuance of subsidiary coins to the Currency Institute; effective immediately.
23.11.1979
Agreement between France and the Comoros on the monetary cooperation; effective 28.09.1981 (French retroactive ratification by ordinance [No. 83-88] of 02.02.1983)
03.05.1980
Law on the establishment of the central bank; effective upon constitution of the bank on 01.07.1981
23.11.1998
Resolution [CELEX 31998D0683] of the European Council on the fixed exchange rate between the European Euro and the Central African CFA Franc, West African CFA Franc and Comorian Franc as guaranteed by the Bank of France; effective 01.01.1999