Bank of Botswana
 | |
| Headquarters | Gaborone,Botswana |
|---|---|
| Established | 1 July 1975 |
| Ownership | Government of Botswana100%[1] |
| Governor | Cornelius Karlens Dekop |
| Central bank of | Botswana |
| Currency | Botswana pula BWP (ISO 4217) |
| Reserves | 7 390 million USD[1] |
| Bank rate | 3.75% |
| Website | bankofbotswana.bw |
TheBank of Botswana(BoB;Tswana:Polokelo ya Madi ya Botswana) is thecentral bankofBotswana.
When Botswana gained independence from Britain in 1966, the country was part of theRand 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]Thepulawas 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, thePula Fund.
History[edit]
![[icon]](/translate/en.wikipedia.org?u=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FFile%3AWiki_letter_w_cropped.svg&t=hv){kind=small} | This section is empty.You can help byadding to it.(May 2022) |
Governors of the Bank of Botswana[edit]
- 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]
- October 2016 – October 2023:Moses Pelaelo[6]
- 21 October 2023 - Present: Cornelius Dekop
See also[edit]
- Central banks and currencies of Africa
- Economy of Botswana
- Minister of Finance (Botswana)
- List of central banks
References[edit]
- ^abWeidner, Jan (2017)."The Organisation and Structure of Central Banks"(PDF).Katalog der Deutschen Nationalbibliothek.
- ^ab"History of the Bank of Botswana | Bank of Botswana".www.bankofbotswana.bw.Retrieved30 May2020.
- ^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.ISBN978-0-8108-5467-3.
- ^Akyeampong, Emmanuel Kwaku; Gates, Henry Louis; Niven, Mr Steven J. (2 February 2012).Dictionary of African Biography.OUP USA.ISBN978-0-19-538207-5– via Google Books.
- ^abcdefg"Milestones | Bank of Botswana".www.bankofbotswana.bw.
- ^"M. D Pelaelo | Bank of Botswana".www.bankofbotswana.bw.Archived fromthe originalon 19 April 2023.Retrieved8 April2020.
External links[edit]
| International | |
|---|---|
| National | |
 | This African bank or banking-related article is astub.You can help Wikipedia byexpanding it. |
 | ThisBotswana-related article is astub.You can help Wikipedia byexpanding it. |