Bank of Botswana

Bank of Botswana
Banka Ya Botswana
Headquarters Gaborone, Botswana
Established 1 July 1975 (1975-07-01)
Governor Moses Dinekere Pelaelo
Central bank of Botswana
Currency Botswana pula
BWP (ISO 4217)
Bank rate 5.5%
Website bankofbotswana.bw

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

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 1975. The pula was launched as a national currency in 1976, and in 1977 the Bank of Botswana became the government banker.[1]

Governors of the Bank of Botswana

  • 1975-1978: H. C. L. Hermans
  • 1978-1980: B. C. Leavit
  • 1980-1982: F. G. Mogae
  • 1982-1987: C. N. Kikonyogo
  • 1987-1997: H. C. L. Hermans
  • 1997-1999: B. Gaolathe
  • 1999-2016: L. K. Mohohlo
  • 21 October 2016-present: M. D. Pelaelo

See also

References

  1. ↑ 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.
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