Bank of Botswana
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The Bank of Botswana (BoB) is the
central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...
of
Botswana Botswana (, ), officially the Republic of Botswana ( tn, Lefatshe la Botswana, label= Setswana, ), is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory being the Kal ...
. When Botswana gained independence from Britain in 1966, the country was part of the Rand Monetary Area (RMA). 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. The
pula Pula (; also known as Pola, it, Pola , hu, Pòla, Venetian; ''Pola''; Istriot: ''Puola'', Slovene: ''Pulj'') is the largest city in Istria County, Croatia, and the seventh-largest city in the country, situated at the southern tip of the I ...
was launched as a national currency in 1976, and in 1977 the Bank of Botswana became the government banker. The Bank manages Botswana's sovereign wealth fund, the Pula Fund.


History


Governors of the Bank of Botswana

* July 1975 - 1978: Christopher H. L. Hermans * January 1978 - 1980: Brenton C. Leavitt * November 1980 - 1981: Festus Mogae * January 1981 - June 1987:
Charles Nyonyintono Kikonyogo The C.N. Kikonyogo Money Museum is a Ugandan museum showcasing the numismatic heritage of the country and is operated by the Bank of Uganda. It is located at Plot 45 Kampala Road, Kampala. History and etymology As part of its 40th anniversary celeb ...
* July 1987 - 1997: Christopher H. L. Hermans * July 1997 - September 1999: Baledzi Gaolathe * October 1999 - 2016: Linah Mohohlo * 21 October 2016 – present: Moses Pelaelo


See also

*
Central banks and currencies of Africa There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of bot ...
* Economy of Botswana *
Minister of Finance (Botswana) The Ministry of Finance is the Botswana government ministry which formulates financial and economic policies and oversees effective coordination of Government financial operations. , the minister is Peggy Serame. Current and previous Ministe ...
* List of central banks


References


External links


Bank of Botswana official site
Botswana Botswana (, ), officially the Republic of Botswana ( tn, Lefatshe la Botswana, label= Setswana, ), is a landlocked country in Southern Africa. Botswana is topographically flat, with approximately 70 percent of its territory being the Kal ...
Economy of Botswana Government of Botswana Banks of Botswana Banks of Gaborone Banks established in 1975 1975 establishments in Botswana {{Botswana-stub