Bank of Botswana
 | |
| Headquarters | Gaborone, Botswana |
|---|---|
| Established | 1 July 1975 |
| Ownership | Government of Botswana 100%[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 |
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
[edit]_Botswana_History.jpg)
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section is empty. You can help by adding 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]- ^ 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. Archived from the original on 19 April 2023. Retrieved 8 April 2020.
External links
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