Central Bank of The Gambia

Central Bank of The Gambia
Headquarters No. 1/2 Ecowas Avenue, Banjul, The Gambia
Established 1971
Governor Bakary Jammeh
Central bank of  Gambia
Currency Gambian dalasi
GMD (ISO 4217)

The Central Bank of The Gambia is the central bank of The Gambia. Its name is abbreviated to CBG. The bank is located in Banjul and was established in 1971.[1] Bakary Jammeh is the current Governor.[2]

Operations

As a central bank, CBG is responsible for providing banking services to the Gambian government, for managing interest rates and foreign exchange, for interacting with Gambian industries, for supporting microfinance, and for managing the value of the dalasi, which is The Gambia's currency. The bank is responsible for managing the sale of Gambian bonds and treasury bills on the international securities market. The bank is involved in economic research in regard to the future of Gambia and West Africa.

The CBG is working with GIPFZA, the Gambia Investment Promotion and Free Zones Agency, in the creation of a 1.6 square kilometre business and industrial park near Banjul International Airport.

The CBG is the only institution in The Gambia that is permitted to issue the Gambian dalasi.

Governors of the Central Bank of The Gambia

  • Momodou Bamba Saho (2007-10).
  • Amadou Colley (2010-17).
  • Bakary Jammeh (2017 to date).

See also


References

  1. ↑ "History of CBG". Retrieved 30 August 2012.
  2. ↑ "CBG - Organisational Structure". www.cbg.gm. Retrieved 2016-09-15.


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