Bank of Botswana

The Bank of Botswana (BoB) is the central bank of Botswana.

Bank of Botswana
Banka Ya Botswana
HeadquartersGaborone, Botswana
Established1 July 1975 (1975-07-01)
OwnershipGovernment of Botswana 100%[1]
GovernorMoses Dinekere Pelaelo
Central bank ofBotswana
CurrencyBotswana pula
BWP (ISO 4217)
Reserves7 390 million USD[1]
Bank rate4.75%
Websitebankofbotswana.bw

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]

Governors of the Bank of Botswana

See also

References
  1. https://d-nb.info/1138787981/34
  2. "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 2020-05-30.
  3. "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 2020-05-30.
  4. 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.
  5. Akyeampong, Emmanuel Kwaku; Gates, Henry Louis; Niven, Mr Steven J. (February 2, 2012). "Dictionary of African Biography". OUP USA – via Google Books.
  6. "Milestones | Bank of Botswana". www.bankofbotswana.bw.
  7. "M. D Pelaelo | Bank of Botswana". www.bankofbotswana.bw.
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