Bank_of_Botswana

Bank of Botswana

Bank of Botswana

Central bank of Botswana

The Bank of Botswana (BoB; Tswana: Polokelo ya Madi ya Botswana) is the central bank of Botswana.

Quick Facts Headquarters, Established ...

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

Bank of Botswana building in 1980s

Governors of the Bank of Botswana

See also

References

  1. [1]
    Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. [2]
    "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 30 May 2020.
  3. [3]
    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.
  4. [4]
    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.
  5. [5]
    "Milestones | Bank of Botswana". www.bankofbotswana.bw.
  6. [6]
    "M. D Pelaelo | Bank of Botswana". www.bankofbotswana.bw.


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