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Central Bank of São Tomé and Príncipe: Difference between revisions

Coordinates: 0°20′21″N 6°43′52″E / 0.33917°N 6.73111°E / 0.33917; 6.73111
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At independence in 1975, the government converted the local branch of the Portuguese colonial bank, [[Banco Nacional Ultramarino]], into the National Bank of São Tomé and Príncipe, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now [[Banco de Poupança e Crédito]]), under the control of Banco Nacional and by merging its savings bank, the '''Caixa de Crédito'''.
At independence in 1975, the government converted the local branch of the Portuguese colonial bank, [[Banco Nacional Ultramarino]], into the National Bank of São Tomé and Príncipe, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now [[Banco de Poupança e Crédito]]), under the control of Banco Nacional and by merging its savings bank, the '''Caixa de Crédito'''.


In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name.<ref>http://www.bcstp.st/Banco/Historial.pdf</ref> The successor bank for the commercial banking functions was [[Banco Internacional de São Tomé e Príncipe]] (BISTP).
In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name.<ref>{{cite web|url=http://www.bcstp.st/Banco/Historial.pdf |title=Archived copy |accessdate=2009-01-11 |deadurl=yes |archiveurl=https://web.archive.org/web/20090930015826/http://www.bcstp.st/Banco/Historial.pdf |archivedate=2009-09-30 |df= }}</ref> The successor bank for the commercial banking functions was [[Banco Internacional de São Tomé e Príncipe]] (BISTP).


Since the reform, passed on 24 August 1992, the bank had six central governors:
Since the reform, passed on 24 August 1992, the bank had six central governors:

Revision as of 06:36, 18 November 2016

Central Bank of
São Tomé and Príncipe
HeadquartersSão Tomé
Coordinates0°20′21″N 6°43′52″E / 0.33917°N 6.73111°E / 0.33917; 6.73111
Established24 May 1975 (1975-05-24)
OwnershipGovernment owned
GovernorMaria do Carmo Silveira
Central bank ofSão Tomé and Príncipe
CurrencySão Tomé and Príncipe dobra (Db)
STD (ISO 4217)
Websitewww.bcstp.st

The Central Bank of São Tomé and Príncipe (Template:Lang-pt or BCSTP) is the central bank of São Tomé and Príncipe, a Portuguese-speaking island nation off the western equatorial coast of Central Africa.

History

At independence in 1975, the government converted the local branch of the Portuguese colonial bank, Banco Nacional Ultramarino, into the National Bank of São Tomé and Príncipe, which took on the functions of central bank, development bank, and commercial bank. The government created a monobank by bringing the only other commercial bank in the country, the Banco Popular de Angola (formerly Banco Comercial de Angola and now Banco de Poupança e Crédito), under the control of Banco Nacional and by merging its savings bank, the Caixa de Crédito.

In 1992, a reform law resulted in the National Bank giving up its development and commercial banking functions, focusing on central banking. With that reform, the bank took on its present name.[1] The successor bank for the commercial banking functions was Banco Internacional de São Tomé e Príncipe (BISTP).

Since the reform, passed on 24 August 1992, the bank had six central governors:

  • 1992–1994 – Adelino Castelo David
  • 1995–1999 – Carlos Quaresma Batista de Sousa
  • 1999–2006 – Maria do Carmo Silveira
  • 2006–2008 – Arlindo Afonso Carvalho
  • 2009–2011 – Luis Fernando Moreira de Sousa
  • 2011–0000 – Maria do Carmo Silveira

References

  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2009-09-30. Retrieved 2009-01-11. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
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