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Central Bank Of Samoa
The Central Bank of Samoa ( sm, Faletupe Tutotonu o Samoa), situated in the capital Apia beside the main government buildings, issues the Samoan currency, the Samoan tālā as well as regulates and manages the exchange rate with foreign currencies. In its role as the central bank for the government and the country, it is also responsible for the registration and supervision of commercial banks. The current governor since 2011 has been Maiava Atalina Emma Ainuu-Enari. Legally, the bank follows a mandate pursuant to the Central Bank of Samoa Act 1984, the Financial Institutions Act 1996 and the Money Laundering Prevention Act 2000. The Central Bank of Samoa was preceded by Monetary Board established in 1975. The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. The institution made a Maya Declaration Commitment in 2013 with an intent to build an inclusive financial system in Samoa that serves all member ...
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Samoan Tala
Samoan may refer to: * Something of, from, or related to the Samoan Islands, an archipelago in the South Pacific Ocean ** Something of, from, or related to Samoa, a country encompassing the western part of the Samoan Islands ** Something of, from, or related to American Samoa, a United States territory in the Samoan Islands * Samoan language, the native language of the Samoan Islands * Samoans Samoans or Samoan people ( sm, tagata Sāmoa) are the indigenous Polynesian people of the Samoan Islands, an archipelago in Polynesia, who speak the Samoan language. The group's home islands are politically and geographically divided between th ..., a Polynesian ethnic group of the Samoan Islands {{disambig Language and nationality disambiguation pages ...
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John A
Sir John Alexander Macdonald (January 10 or 11, 1815 – June 6, 1891) was the first prime minister of Canada, serving from 1867 to 1873 and from 1878 to 1891. The dominant figure of Canadian Confederation, he had a political career that spanned almost half a century. Macdonald was born in Scotland; when he was a boy his family immigrated to Kingston in the Province of Upper Canada (today in eastern Ontario). As a lawyer, he was involved in several high-profile cases and quickly became prominent in Kingston, which elected him in 1844 to the legislature of the Province of Canada. By 1857, he had become premier under the colony's unstable political system. In 1864, when no party proved capable of governing for long, Macdonald agreed to a proposal from his political rival, George Brown, that the parties unite in a Great Coalition to seek federation and political reform. Macdonald was the leading figure in the subsequent discussions and conferences, which resulted in the Brit ...
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1984 Establishments In Samoa
Events January * January 1 – The Bornean Sultanate of Brunei gains full independence from the United Kingdom, having become a British protectorate in 1888. * January 7 – Brunei becomes the sixth member of the Association of Southeast Asian Nations (ASEAN). * January 10 ** The United States and the Vatican City, Vatican (Holy See) restore full diplomatic relations. ** The Victoria, Seychelles, Victoria Agreement is signed, institutionalising the Indian Ocean Commission. *January 24 – Steve Jobs launches the Macintosh 128K, Macintosh personal computer in the United States. February * February 3 ** Dr. John Buster and the research team at Harbor–UCLA Medical Center announce history's first embryo transfer from one woman to another, resulting in a live birth. ** STS-41-B: Space Shuttle Challenger, Space Shuttle ''Challenger'' is launched on the 10th Space Shuttle mission. * February 7 – Astronauts Bruce McCandless II and Robert L. Stewart make the first untethered spac ...
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Banks Of Samoa
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Economy Of Samoa
The economy of Samoa is dependent on agricultural exports, development aid and private financing from overseas. The country is vulnerable to devastating storms. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. Outside a large automotive wire harness factory, the manufacturing sector mainly processes agricultural products. Tourism is an expanding sector; more than 70,000 tourists visited the islands in 1996 and 120,000 in 2014. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. Observers point to the flexibility of the labor market as a basic strength factor for future economic advances. Trade New Zealand is Samoa's principal trading partner, typically providing between 35% and 40% of imports and purchasing 45%–50% of exports. Australia, American Samoa, the United States, and Fiji are also important trading partn ...
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Leasi Papali'i Tommy Scanlan
Leasi Papali'i Tommy Scanlan is a Samoan diplomat who, since April 2012, has served as high commissioner of the Independent State of Samoa to New Zealand, in which capacity he is also dean of the diplomatic corps. He was previously governor of the Central Bank of Samoa The Central Bank of Samoa ( sm, Faletupe Tutotonu o Samoa), situated in the capital Apia beside the main government buildings, issues the Samoan currency, the Samoan tālā as well as regulates and manages the exchange rate with foreign currenci ... from 1989 to 2011. References External links Photo of Scanlan in 2012 with Sir Jerry Mateparae {{DEFAULTSORT:Scanlan, Leasi Papali'i Tommy Samoan diplomats Year of birth missing (living people) Living people Governors of Central Bank of Samoa New Zealand–Samoa relations High Commissioners of Samoa to New Zealand University of Canterbury alumni ...
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Bill Davies (banker)
William, Will, Bill, or Billy Davies may refer to: Sportspeople *William Davies (English cricketer) (fl. 1844) *William Davies (cricketer, born 1825) (1825–1868), English cricketer and clergyman * William Davies (footballer, born 1855) (1855–1916), Oswestry F.C. and Wales international footballer * William Davies (sport shooter) (1881–1942), Canadian Olympic sports shooter * William Davies (footballer, born 1882) (1882–1966), Wrexham F.C., Blackburn Rovers F.C. and Wales international footballer * Bill L. Davies (1883–1959), Australian rules footballer * Billy Davies (Welsh footballer) (1883–1960), Crystal Palace F.C., West Bromwich Albion F.C. and Wales international footballer * William Davies (footballer, born 1873) (1873–1929), English footballer for Bolton Wanderers * William Davies (footballer, born 1884) (1884–1954), footballer for Stoke *William Davies (rugby) (1890–1967), Welsh rugby union and rugby league footballer of the 1910s and 1920s *Bill Davies (g ...
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Apia
Apia () is the Capital (political), capital and largest city of Samoa, as well as the nation's only city. It is located on the central north coast of Upolu, Samoa's second-largest island. Apia falls within the political district (''itūmālō'') of Tuamasaga. The Apia Urban Area (generally known as the City of Apia) has a population of 37,391 (2016 census). Its geographic boundaries extend roughly from Letogo village to the newer, industrialized region of Apia known as "Vaitele". History Apia was originally a small village (the 1800 population was 304), from which the country's capital took its name. Apia Village still exists within the larger modern capital of Apia, which has grown into a sprawling urban area that encompasses many villages. Like every other settlement in the country, Apia Village has its own ''matai'' (leaders) and ''fa'alupega'' (genealogy and customary greetings) according to fa'a Samoa. The modern city of Apia was founded in the 1850s, and it has been ...
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The Maya Declaration
The Maya Declaration is a global initiative for responsible and sustainable financial inclusion that aims to reduce poverty and ensure financial stability for the benefit of all. It is the first global and measurable set of financial inclusion commitments by developing and emerging economies. Since its launch at the 2011 Global Policy Forum (GPF) in Mexico, members of the Alliance for Financial Inclusion (AFI) have made concrete financial inclusion targets, continued to implement in-country policy improvements and regularly shared progress updates on the AFI Data Portal (ADP). As of October 2021, AFI member institutions have made a total of 885 Maya Declarations targets. AFI members include roughly 101 central banks and other financial regulatory institutions from nearly 90 emerging and developing economies. AFI is committed to supporting its members in fully achieving their commitments to contributing towards more inclusive development and poverty alleviation. Background The ...
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Alliance For Financial Inclusion
The Alliance for Financial Inclusion, or AFI, is a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and international levels. Its members include roughly 100 institutions, being central banks, financial regulatory institutions, and financial inclusion policymakers from nearly 90 developing and emerging economies. AFI partners with regulators in advanced economies, international organizations and private sector leaders to drive practical solutions and facilitate the implementation of impactful policy changes through its cooperative model that embeds peer learning, knowledge exchange and peer transformation. AFI was founded on the idea that a global knowledge exchange platform was key to expanding and improving financial inclusion policies. Over the years, the AFI network – with financial and in-kind contributions from its members, funding  fr ...
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