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
• January 1981 - June 1987: Charles Nyonyintono Kikonyogo
• 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
• Economy of Botswana
• Minister of Finance (Botswana)
• List of central banks

References

External links

• Bank of Botswana official site