Comoros

Comoros has endured more than 20 coups or attempted coups since gaining independence from France in 1975. In 1997, the islands of Anjouan and Moheli declared independence from Comoros. In 1999, military chief Col. AZALI seized power in a bloodless coup, and helped negotiate the 2000 Fomboni Accords power-sharing agreement in which the federal presidency rotates among the three islands, and each island maintains its own local government. AZALI won the 2002 presidential election, and each island in the archipelago elected its own president. AZALI stepped down in 2006 and President SAMBI was elected to office. In 2007, Mohamed BACAR effected Anjouan's de-facto secession from the Union, refusing to step down in favor of fresh Anjouanais elections when Comoros' other islands held legitimate elections in July. The African Union (AU) initially attempted to resolve the political crisis by applying sanctions and a naval blockade on Anjouan, but in March 2008, AU and Comoran soldiers seized the island. The move was generally welcomed by the island's inhabitants.

Economical characteristics

 * Currency: Comorian franc (ISO code: KMF)
 * This country does not seem to have a central bank.
 * Central bank discount rate: 5.36% (31 December 2008)
 * Commercial banks lending rate: 7% (31 December 2008)
 * Stock of money (M1): $100.6 million (31 December 2008)
 * Quasi money (with M1 makes M2): $41.74 million (31 December 2008)

Links

 * Comoros on Wikipedia
 * Studies from the Library of Congress (1986-1998)
 * BBC country profile