Central Bank of Sao Tome and Principe
| Headquarters | Sao Tome |
| founding | 1975 |
| president | Américo Barros |
| country | Sao Tome and Principe |
| currency | |
| ISO 4217 | HOURS |
| Currency reserves | US $ 6,354 (2016) |
| Website | |
| List of central banks | |
The Banco Central de São Tomé e Príncipe (BCSTP) is the central bank of the African island republic of São Tomé and Príncipe . As a central bank, it is responsible for issuing the local currency Dobra . It is based in the central square of Praça da Independência in the capital São Tomé . The governor of the bank has been Dr. Maria do Carmo Silveira. (As of December 2014)
history
The country has been a Portuguese colony since its discovery and settlement by the Portuguese in 1471 . The Portuguese Banco Nacional Ultramarino (BNU) acted as the central bank in the colonies and had been present in São Tomé and Príncipe since 1868.
After the Carnation Revolution in Portugal on April 25, 1974, the country gained independence from Portugal on July 12, 1975. The branch of the BNU on São Tomé and Príncipe was nationalized in the course of the law no. 16/76 of May 24, 1976 and renamed Banco Nacional de São Tomé e Príncipe . From then on, the bank took over the tasks of the central bank and the development bank of the country and was also the only commercial bank in the planned economy of the socialist one-party government of the new island state.
After the constitutional referendum in São Tomé and Príncipe in 1990 , the country gave up the planned economy and turned to the market economy . With Law No. 8/92 of August 26, 1992, the central bank was renamed what is now the Banco Central de São Tomé e Príncipe , while the commercial banking sector was spun off and privatized as Banco Internacional de São Tomé e Príncipe . The first governor of the newly formed central bank was Adelino Castelo David .
See also
- São Tomé Dobra , the São Tomé and Príncipes currency emitted by the BCSTP
Web links
- Official website of the Banco Central de São Tomé e Príncipe (Portuguese and English)
Individual evidence
- ^ Sao Tome And Principe Foreign Exchange Reserves . tradingeconomics.com. Accessed on January 28, 2017 (English)
- ↑ History of BCSTP ( Memento of 8 April 2015, Internet Archive ), pdf retrieval on the official website, accessed on January 19, 2015