Central Bank of the Gambia

Central Bank of Gambia

Central Bank of the Gambia


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/

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.

Operations

As 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 dalasi, which is The Gambia's currency. [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 Gambian dalasi.

Governors of the Central Bank of The Gambia

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

References

^ 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.