Bank of Botswana
 | |
| Headquarters | Gaborone, Botswana |
|---|---|
| Established | 1 July 1975 |
| Ownership | Government of Botswana 100%[1] |
| Governor | |
| Central bank of | Botswana |
| Currency | Botswana pula BWP (ISO 4217) |
| Reserves | 7 390 million USD[1] |
| Bank rate | 4.75% |
| Website | bankofbotswana.bw |
The Bank of Botswana (BoB) 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.[3] The pula was launched as a national currency in 1976, and in 1977 the Bank of Botswana became the government banker.[4]
The Bank manages Botswana's sovereign wealth fund, the Pula Fund.
Governors of the Bank of Botswana[]
- July 1975 - 1978: [5][6]
- January 1978 - 1980: [6]
- November 1980 - 1982: Festus Mogae[6]
- January 1982 - 1987: Charles Nyonyintono Kikonyogo[6]
- July 1987 - 1997: [6]
- July 1997 - 1999: [6]
- October 1999 - 2016: Linah Mohohlo[6]
- 21 October 2016 - present: [7]
See also[]
- Central banks and currencies of Africa
- Economy of Botswana
- List of central banks
References[]
- ^ Jump up to: a b https://d-nb.info/1138787981/34
- ^ "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 2020-05-30.
- ^ "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 2020-05-30.
- ^ Morton, Fred; Ramsay, Jeff; Mgadla, Part Themba (2008). "Bank of Botswana (BoB)". Historical Dictionary of Botswana. African Historical Dictionaries. 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. (February 2, 2012). Dictionary of African Biography. OUP USA. ISBN 978-0-19-538207-5 – via Google Books.
- ^ Jump up to: 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[]
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- Central banks
- Economy of Botswana
- Government of Botswana
- Banks of Botswana
- Banks of Gaborone
- Banks established in 1975
- 1975 establishments in Botswana
- African bank stubs
- Botswana stubs