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 rate3.75%
Websitebankofbotswana.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

Bank of Botswana building in 1980s
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Governors of the Bank of Botswana

See also

References

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ a b "History of the Bank of Botswana | Bank of Botswana". www.bankofbotswana.bw. Retrieved 30 May 2020.
  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. ^ 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. ^ a b c d e f g "Milestones | Bank of Botswana". www.bankofbotswana.bw.
  6. ^ "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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