Central Bank of São Tomé and Príncipe
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The Central Bank of São Tomé and Príncipe ( pt, Banco Central de São Tomé e Príncipe or BCSTP) is the
central bank 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 ba ...
of
São Tomé and Príncipe São Tomé and Príncipe (; pt, São Tomé e Príncipe (); English: " Saint Thomas and Prince"), officially the Democratic Republic of São Tomé and Príncipe ( pt, República Democrática de São Tomé e Príncipe), is a Portuguese-speaking i ...
, a Portuguese-speaking
island nation An island country, island state or an island nation is a country whose primary territory consists of one or more islands or parts of islands. Approximately 25% of all independent countries are island countries. Island countries are historically ...
off the western equatorial coast of
Central Africa Central Africa is a subregion of the African continent comprising various countries according to different definitions. Angola, Burundi, the Central African Republic, Chad, the Democratic Republic of the Congo, the Republic of the Congo, ...
.


History

At independence in 1975, the government converted the local branch of the Portuguese colonial bank,
Banco Nacional Ultramarino Banco Nacional Ultramarino (, BNU; ; en, National Overseas Bank) is a Macau banking and financial services corporation. It was a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased e ...
, 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 Banco de Poupança e Crédito (BPC) (English: ''Savings and Credit Bank'') is a government-owned, full service bank in Angola. With some 68 branches, including one in Cabinda, it has the largest branch network in the country. Overview BPC is a ...
), 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. The successor bank for the commercial banking functions was
Banco Internacional de São Tomé e Príncipe Banco Internacional de São Tomé e Príncipe (BISTP) is the largest and oldest commercial bank in São Tomé and Príncipe. It consists of a head office and 14 branches. Its name translates to International Bank of São Tomé and Príncipe. His ...
(BISTP).


Governors

Governors of the National Bank since independence * Victor Manuel Lopes Correia, 1976-1981 * Hildeberto Mário do Nascimento Séca, 1981-1983 * Prudêncio Rita de Oliveira Rita, 1983-1988 * Manuel de Nazaré Mendes, 1988-1992 Since the reform, passed on 24 August 1992, the bank had eight central governors: *
Adelino Castelo David Adelino Santiago Castelo David (born 1955) is a Santomean bank manager and politician. Biography David graduated with a doctorate. He became a bank manager and was later president of Caixa Nacional de Poupanças e Crédito. In 1992, he became pos ...
, 1992–1994 * Carlos Quaresma Batista de Sousa, 1995–1999 *
Maria do Carmo Silveira Maria do Carmo Trovoada Pires de Carvalho Silveira (born 14 February 1961) served as the 13th prime minister of São Tomé and Príncipe from 8 June 2005 to 21 April 2006. Background She was educated as an economist at the Donetsk National Univers ...
, 1999–2006 *
Arlindo Afonso Carvalho Arlindo is a given name. Notable people with the name include: *Arlindo Barbeitos (born 1940), Angolan poet *Arlindo Chinaglia (born 1949), Brazilian politician and former President of the Chamber of Deputies of Brazil 2007–2009 *Arlindo Cruz (bo ...
, 2006–2008 *
Luís Fernando Moreira de Sousa Luis is a given name. It is the Spanish form of the originally Germanic name or . Other Iberian Romance languages have comparable forms: (with an accent mark on the i) in Portuguese and Galician, in Aragonese and Catalan, while is archaic ...
, 2009–2011 *
Maria do Carmo Silveira Maria do Carmo Trovoada Pires de Carvalho Silveira (born 14 February 1961) served as the 13th prime minister of São Tomé and Príncipe from 8 June 2005 to 21 April 2006. Background She was educated as an economist at the Donetsk National Univers ...
, 2011–2016 *
Hélio Silva Vaz de Almeida Hélio is a Portuguese given name: * Hélio (footballer), Brazil-born Hong Kong footballer Hélio José de Souza Gonçalves (born 1986) * Helio Alves * Helio André * Helio Batista (footballer, born 1973) * Hélio Batista (footballer, born 1990) ...
, 2016–2019 *
Américo Barros Domingo Jhonny Vega Urzúa (born December 24, 1977, in Arica, Chile), commonly known as Américo, is a Chilean singer. He became known as the lead artist of Américo y la Nueva Alegría. He is the son of a locally known boleros singer, Melvin ...
, 2019–2022 * Américo Ramos, 2022–


See also

*
Economy of São Tomé and Príncipe The economy of São Tomé and Príncipe, while traditionally dependent on cocoa, is experiencing considerable changes due to investment in the development of its oil industry in the oil-rich waters of the Gulf of Guinea. History Under Portuguese ...
*
List of central banks of Africa There are two African currency unions associated with multinational central banks; the West African Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) and the Central African Banque des États de l'Afrique Centrale (BEAC). Members of both ...
*
List of central banks . Central banks Central banks Central banks This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Disappeared central banking jurisdictions * – Bank of Amsterdam (1609- ...


References


External links


Official website
(Portuguese) {{DEFAULTSORT:Central Bank of Sao Tome and Principe Banks of São Tomé and Príncipe
São Tomé and Príncipe São Tomé and Príncipe (; pt, São Tomé e Príncipe (); English: " Saint Thomas and Prince"), officially the Democratic Republic of São Tomé and Príncipe ( pt, República Democrática de São Tomé e Príncipe), is a Portuguese-speaking i ...
São Tomé 1975 establishments in São Tomé and Príncipe Banks established in 1975