 | |
| Headquarters | Gaborone, Botswana |
|---|---|
| Established | 1 July 1975 |
| Ownership | Government of Botswana 100% [1] |
| Governor | Moses Dinekere Pelaelo |
| Central bank of | Botswana |
| Currency |
Botswana pula BWP ( ISO 4217) |
| Reserves | 7 390 million USD [1] |
| Bank rate | 3.75% |
| Website | bankofbotswana.bw |
The Bank of Botswana (BoB; Tswana: Polokelo ya Madi ya Botswana) is the central bank of Botswana.
When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area (RMA). [2] In 1974 Botswana withdrew from the RMA, and the Bank of Botswana and Financial Institution Acts established the legal framework for a central bank in Botswana to be established in July 1975, with Christopher H. L. Hermans as the first Governor. [2] The pula was launched as a national currency in 1976, and in 1977 the Bank of Botswana became the government banker. [3]
The Bank manages Botswana's sovereign wealth fund, the Pula Fund.
History
_Botswana_History.jpg)
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Governors of the Bank of Botswana
- July 1975 - 1978: Christopher H. L. Hermans [4] [5]
- January 1978 - 1980: Brenton C. Leavitt [5]
- November 1980 - 1981: Festus Mogae [5]
- January 1981 - June 1987: Charles Nyonyintono Kikonyogo [5]
- July 1987 - 1997: Christopher H. L. Hermans [5]
- July 1997 - September 1999: Baledzi Gaolathe [5]
- October 1999 - 2016: Linah Mohohlo [5]
- 21 October 2016 – present: Moses Pelaelo [6]
See also
- Central banks and currencies of Africa
- Economy of Botswana
- Minister of Finance (Botswana)
- List of central banks
References
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ a b "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 30 May 2020.
- ^ Morton, Fred; Ramsay, Jeff; Mgadla, Part Themba (2008). "Bank of Botswana (BoB)". Historical Dictionary of Botswana. African Historical Dictionaries. Vol. 108 (4th ed.). Metuchen, New Jersey: Scarecrow Press. p. 40. ISBN 978-0-8108-5467-3.
- ^ Akyeampong, Emmanuel Kwaku; Gates, Henry Louis; Niven, Mr Steven J. (2 February 2012). Dictionary of African Biography. OUP USA. ISBN 978-0-19-538207-5 – via Google Books.
- ^ a b c d e f g "Milestones | Bank of Botswana". www.bankofbotswana.bw.
- ^ "M. D Pelaelo | Bank of Botswana". www.bankofbotswana.bw.
External links
| International | |
|---|---|
| National | |
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