Central Bank of Samoa

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Central Bank of Samoa
CBS headquarters in Apia, Samoa
CBS headquarters in Apia, Samoa
Headquarters Apia, Samoa
Central bank of Samoa
Currency Samoan tālā
WST (ISO 4217)
Website www.cbs.gov.ws
Other Samoan currency symbols used also include SAT, ST or T.

The Central Bank of Samoa (Samoan: Faletupe Tutotonu o Samoa) is the central bank of Samoa. Situated in the capital Apia beside the main government buildings, the bank issues the Samoan currency, the Samoan tālā as well as regulating and managing the exchange rate with foreign currencies.[1] In its role as the central bank for the government and the country, it is also responsible for the registration and supervision of commercial banks.

Legally, the bank follows a mandate pursuant to the Central Bank of Samoa Act 1984, the Financial Institutions Act 1996 and the Money Laundering Prevention Act 2000.[2]

The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[3] The institution made a Maya Declaration Commitment[4] in 2013 with an intent to build an inclusive financial system in Samoa that serves all members of society.

Its official name in the Samoan language, Faletupe Tutotonu o Samoa, means 'Central Bank (lit. Central Money House) of Samoa'.

Head office[edit]

The head office for the bank is situated in the capital Apia, near the government buildings and by a historic clock tower.

See also[edit]

References[edit]

  1. ^ :: The Central Bank of Samoa | Currency | Collector's Currency | Index ::
  2. ^ "Introduction". Central Bank of Samoa website. Retrieved 18 November 2010. 
  3. ^ "AFI official website". AFI Global. 2011-10-10. Retrieved 2012-02-23. 
  4. ^ [1]

External links[edit]