From Surf Wiki (app.surf) — the open knowledge base

Bank of Botswana

Monetary authority of Botswana

Field	Value
native_name	Banka Ya Botswana
logo	Bank of Botswana logo.svg
logo_size	130
image	Captura de pantalla 2025-06-23 152510.png
executive	Cornelius Karlens Dekop
executive_title	Governor
ownership	Government of Botswana 100%
reserves	7 390 million USD
established
headquarters	Gaborone, Botswana
bank_of	Botswana
currency	Botswana pula
currency_iso	BWP
borrowing_rate	1.90% 2024)
website	[bankofbotswana.bw](http://www.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 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

The Bank of Botswana was established by a decision to withdraw from the Rand Monetary Area (RMA) under which the South African rand had been the legal currency in Botswana since independence in 1966. In 1973 Sir Seretse Khama appointed a Monetary Preparatory Commission. The decision to withdraw from the RMA was announced by the President in September 1974.

The Bank launched the national currency, the Pula, on the 23 August 1976.[[File:Bank of Botswana (1980s) Botswana History.jpg|thumb|Bank of Botswana building in 1980s]]

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
October 2016 – October 2023: Moses Pelaelo
21 October 2023 - Present: Cornelius Dekop

References

(2017). "The Organisation and Structure of Central Banks".
(2024-08-22). "Monetary Policy Committee Decision - 22 August 2024". Bank of Botswana.
"History of the Bank of Botswana {{!}} Bank of Botswana".
(2008). "Historical Dictionary of Botswana". Scarecrow Press.
"History of the Bank of Botswana {{!}} Bank of Botswana".
(February 2, 2012). "Dictionary of African Biography". OUP USA.
"Milestones | Bank of Botswana".
"M. D Pelaelo | Bank of Botswana".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

central-banks economy-of-botswana government-of-botswana banks-of-botswana banks-of-gaborone banks-established-in-1975 1975-establishments-in-botswana

Want to explore this topic further?

Ask Mako anything about Bank of Botswana — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report