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The Central Bank of The Gambia is the central bank of The Gambia. Its name is abbreviated to CBG. The bank is located in Banjul and was established in 1971.[2] Buah Saidy is the current Governor.
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| Headquarters | No. 1/2 Ecowas Avenue, Banjul, The Gambia |
|---|---|
| Established | 1971 |
| Ownership | 100% state ownership[1] |
| Governor | Buah Saidy |
| Central bank of |  Gambia |
| Currency | Gambian dalasi GMD (ISO 4217) |
| Website | https://www.cbg.gm/ |
Operations
editAs a central bank, CBG is responsible for providing banking services to the Gambian government, for managing interest rates and foreign exchange, for interacting with Gambian industries, for supporting microfinance, and for managing the value of the country's currency, the Gambian dalasi. [1] The bank is responsible for managing the sale of Gambian bonds and treasury bills on the international securities market. The bank is involved in economic research in regard to the future of Gambia and West Africa.
The CBG is working with GIPFZA, the Gambia Investment Promotion and Free Zones Agency, in the creation of a 1.6 square kilometre business and industrial park near Banjul International Airport.
The CBG is the only institution in The Gambia that is permitted to issue the dalasi.
Governors of the Central Bank of The Gambia
edit- Horace Reginald Monday, Mar 1971 - Nov 1972[3]
- Sheriff Saikuba Sisay, Dec 1972 - Apr 1982[3]
- Thomas Gregory George Senghore, May 1982 - Feb 1988[3]
- Mamour Malick Jagne, ? - 1991 - ?[4]
- Abdou A. B. Njie ? - 1994
- Momodou Clarke Bajo, 1994 - 2003[5]
- Famara Jatta, 2003 - 2007
- Momodou Bamba Saho, 2007 - 2010
- Amadou Colley, 2010 - 2017
- Bakary Jammeh, 2017 - 2020
- Buah Saidy - since 1 October 2020
See also
editReferences
edit- ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ "History of CBG". Archived from the original on 17 August 2012. Retrieved 30 August 2012.
- ^ a b c Central Banking Directory. Central Banking Publications. 18 April 1993. ISBN 9780951790311 – via Google Books.
- ^ Chiefs of State and Cabinet members of foreign governments. 2003.
- ^ Chiefs of State and Cabinet members of foreign governments. 2003.
External links
edit- Central Bank of The Gambia official site
- GIPFZA
- West African Monetary Institute
- CBG's Banjul business park PDF dated October 2006
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