Central Bank of São Tomé and Príncipe

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Central Bank of
São Tomé and Príncipe
Headquarters São Tomé
Coordinates 0°20′21″N 6°43′52″E / 0.33917°N 6.73111°E / 0.33917; 6.73111Coordinates: 0°20′21″N 6°43′52″E / 0.33917°N 6.73111°E / 0.33917; 6.73111
Established 24 May 1975 (1975-05-24)
Ownership Government owned
Governor Maria do Carmo Silveira
Central bank of São Tomé and Príncipe
Currency São Tomé and Príncipe dobra (Db)
STD (ISO 4217)
Website www.bcstp.st

The Central Bank of São Tomé and Príncipe (Portuguese: Banco Central de São Tomé e Príncipe 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[edit]

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
  • 2011–0000Maria do Carmo Silveira

References[edit]

External links[edit]

Coordinates: 0°20′21″N 6°43′52″E / 0.33917°N 6.73111°E / 0.33917; 6.73111