National Bank of Guinea-Bissau

The National Bank of Guinea-Bissau (Portuguese: Banco Nacional da Guiné-Bissau or BNG) was the central bank of Guinea-Bissau from February 1975 until May 1997, when Guinea-Bissau joined the Central Bank of West African States.[1]

National Bank of Guinea-Bissau
Banco Nacional da Guiné-Bissau
National bank building in Bissau (photo taken in 2008)
HeadquartersBissau
EstablishedFebruary 1975
Central bank ofGuinea-Bissau
CurrencyGuinea-Bissau peso (GWP)
GWP (ISO 4217)
National Bank of Guinea-Bissau was converted to a national branch of Central Bank of West African States

History
Banco Nacional Ultramarino building in Bissau, 1920s

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

Governors of the National Bank since independence

  • Victor Freire Monteiro, February 1975 - July 1982
  • Pedro A. Godinho Gomes, July 1982 - April 1992
  • Luis Candido Ribeiro, April 1992 - March 1995
  • de Sousa, March 1995 - July 1997

See also

References
  1. Mendy, Peter Michael Karibe; Lobban, Richard (2013). Historical dictionary of the Republic of Guinea-Bissau (4th ed.). Lanham (Md.): Scarecrow Press. ISBN 978-0-8108-8027-6.
  2. "Press Information Notice: IMF Concludes Article IV Consultation with Guinea-Bissau". IMF.
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