Central Bank of São Tomé and Príncipe

The Central Bank of São Tomé and Príncipe (Portuguese: 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.

Central Bank of
São Tomé and Príncipe
Banco Central de São Tomé e Príncipe
HeadquartersSão Tomé
Coordinates0°20′21″N 6°43′52″E
Established24 May 1975 (1975-05-24)
Ownership100% state ownership[1]
GovernorAmérico Barros
Central bank ofSão Tomé and Príncipe
CurrencySão Tomé and Príncipe dobra (Db)
STD (ISO 4217)
Reserves70 million USD[1]
Websitewww.bcstp.st

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.[2] 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

  • Victor Manuel Lopes Correia, 1976-1981[3]
  • Hildeberto Mário do Nascimento Séca, 1981-1983[3]
  • Prudêncio Rita de Oliveira Rita, 1983-1988[3]
  • Manuel de Nazaré Mendes, 1988-1992[3]

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

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References
  1. https://d-nb.info/1138787981/34
  2. "Archived copy" (PDF). Archived from the original (PDF) on 2009-09-30. Retrieved 2009-01-11.CS1 maint: archived copy as title (link)
  3. "Banco Central de S.Tomé e Príncipe". www.bcstp.st.
  4. "Banco Central de Sao Tomé e Principe". Association of African Central Banks (in French). Retrieved 9 September 2018..
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