Central Bank of São Tomé and Príncipe

{{Short description|Central Bank of São Tomè and Príncipe}}{{Infobox central bank

| bank_name = Central Bank of
São Tomé and Príncipe

| bank_name_in_local = Banco Central de São Tomé e Príncipe

| image = File:Banco Central de São Tomé.jpg

| image_title =

| image_width =

| logo = Central_Bank_of_São_Tomé_and_Príncipe_logo.png

| image_2 =

| image_title_2 =

| image_width_2 =

| ownership = 100% state ownership{{cite web |last1=Weidner |first1=Jan |title=The Organisation and Structure of Central Banks |url=https://d-nb.info/1138787981/34 |website=Katalog der Deutschen Nationalbibliothek|year=2017|format=PDF}}

| headquarters = São Tomé

| coordinates = {{coord|0|20|21|N|6|43|52|E|region:ST_type:landmark_source:kolossus-nlwiki|display=title, inline}}

| established = {{Start date|1975|05|24|df=y}}

| president = Américo Ramos

| leader_title = Governor

| bank_of = São Tomé and Príncipe

| currency = Dobra

| currency_iso = STN

| reserves = US$70 million

| reserve_requirements =

| borrowing_rate =

| interest_rate_target =

| deposit_rate =

| IOER =

| website = {{URL|www.bcstp.st}}

| preceded =

| succeeded =

| footnotes =

}}

The Central Bank of São Tomé and Príncipe ({{langx|pt|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

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.{{cite web|url=http://www.bcstp.st/Banco/Historial.pdf |title=Archived copy |accessdate=2009-01-11 |url-status=dead |archiveurl=https://web.archive.org/web/20090930015826/http://www.bcstp.st/Banco/Historial.pdf |archivedate=2009-09-30 }} The successor bank for the commercial banking functions was Banco Internacional de São Tomé e Príncipe (BISTP).

Governors

Governors of the National Bank since independence

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

See also

References

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