Talk:Royal Decree of 27 July 1887
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The "Royal Decree of 27th July 1887" refers to 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.
This decree was promulgated exactly 6 months after the "Royal Decree of 27th February 1887 relating to commercial entities" ("DÉCRET DU ROI-SOUVERAIN du 27 février 1887 relatif aux Sociétés commerciales") provided the legal operating framework for establishing companies to perform acts of a commercial nature, and the actions taken by these companies, while conducting business in the Congo Free State. The present commercial law of the Democratic Republic of Congo can trace its origins to this decree.
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