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Bank of Botswana

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). 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 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...

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wikidata.org 0 views · 2024-12-26 19:59:34