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About: Royal Decree of 27 July 1887     Goto   Sponge   NotDistinct   Permalink

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The Royal Decree of 27 July 1887 was a rule of law signed by King Leopold II of Belgium, the then private owner of the Congo Free State, providing for the establishment of a monetary system for the free state and the introduction of a local currency, the Congolese franc, with a value set at 1/3100 of a kilo of 90% pure gold. The present commercial law of the Democratic Republic of Congo can trace its origins to this decree.