Headquarters | Bissau |
---|---|
Established | February 1975 |
Central bank of | Guinea-Bissau |
Currency | Guinea-Bissau peso (GWP) GWP (ISO 4217) |
National Bank of Guinea-Bissau was converted to a national branch of Central Bank of West African States |
The National Bank of Guinea-Bissau (Portuguese: Banco Nacional da Guiné-BissauorBNG) was the central bankofGuinea-Bissau from February 1975 until May 1997, when Guinea-Bissau joined the Central Bank of West African States.[1]
At independence in February 1975, Guinea-Bissau nationalized the Banco Nacional Ultramarino, Portuguese bank's branch, and transformed it into the country's central bank. The currency, Portuguese escudo, was replaced with Guinea-Bissau peso.[1] In 1990, the bank was renamed as the Central Bank of Guinea Bissau (Banco Central da Guiné-Bissau).
In May 1997 Guinea-Bissau joined the francophone West African Monetary Union Union Économique et Monétaire Ouest-Africaine (UEMOA). Consequently, National Bank of Guinea-Bissau was converted as a national branch of Central Bank of West African States (BCEAO), and national currency Guinea Bissau peso was replaced by West African CFA franc.[2][1]
Governors of the National Bank since independence
| |
---|---|
Global |
|
Policies |
|
Implementation |
|
Bretton Woods system |
|
Lists |
|