Central Bank of Samoa
Faletupe Tutotonu o Samoa
CBS headquarters in Apia, Samoa
CBS headquarters in Apia, Samoa
HeadquartersApia, Samoa
Established25 February 1984
Ownership100% state ownership[1]
GovernorAtalina Ainuu-Enari
Central bank ofSamoa
CurrencySamoan tālā
WST (ISO 4217)
Reserves120 million USD[1]
Websitewww.cbs.gov.ws
Other Samoan currency symbols used also include SAT, ST or T.

The Central Bank of Samoa (Samoan: Faletupe Tutotonu o Samoa), situated in the capital Apia beside the main government buildings, issues the Samoan currency, the Samoan tālā as well as regulates and manages the exchange rate with foreign currencies.[2] In its role as the central bank for the government and the country, it is also responsible for the registration and supervision of commercial banks. The current governor since 2011 has been Maiava Atalina Emma Ainuu-Enari.[3]

Legally, the bank follows a mandate pursuant to the Central Bank of Samoa Act 1984, the Financial Institutions Act 1996 and the Money Laundering Prevention Act 2000.[4] The Central Bank of Samoa was preceded by Monetary Board established in 1975.

The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[5] The institution made a Maya Declaration Commitment in 2013 with an intent to build an inclusive financial system in Samoa that serves all members of society.[6]

Its official name in the Samoan language, Faletupe Tutotonu o Samoa, means 'Central Bank (lit. Central Money House) of Samoa'.

Head office

The head office for the bank is situated in the capital Apia, near the government buildings and by a historic clock tower.

Governors

See also

References

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ ":: The Central Bank of Samoa | Currency | Collector's Currency | Index ::". Archived from the original on 2010-11-25. Retrieved 2010-11-18.
  3. ^ "Central Bank of Samoa Governor » The Central Bank of Samoa". www.cbs.gov.ws. Archived from the original on 2021-04-21. Retrieved 2016-09-21.
  4. ^ "Introduction". Central Bank of Samoa website. Archived from the original on 6 December 2010. Retrieved 18 November 2010.
  5. ^ "AFI official website". AFI Global. 2011-10-10. Retrieved 2012-02-23.
  6. ^ "Maya Declaration: Commitment made by the Central Bank of Samoa". AFI. 18 October 2013. Archived from the original on 3 March 2016.
  7. ^ a b c "Man controlling Samoa's economy". Samoa Observer.
  8. ^ "THE CENTRAL BANK OF SAMOA | About the Central Bank | Who we are | Central Bank Governor". Archived from the original on 25 December 2012.

External links


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