The Central Bank of the Republic of Guinea (french: Banque Centrale de la République de Guinée, BCRG) 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
Guinea
Guinea ( ),, fuf, 𞤘𞤭𞤲𞤫, italic=no, Gine, wo, Gine, nqo, ߖߌ߬ߣߍ߫, bm, Gine officially the Republic of Guinea (french: République de Guinée), is a coastal country in West Africa. It borders the Atlantic Ocean to the we ...
. The headquarters of the bank is located in the capital city of
Conakry
Conakry (; ; sus, Kɔnakiri; N’ko: ߞߐߣߊߞߙߌ߫, Fula: ''Konaakiri'' 𞤑𞤮𞤲𞤢𞥄𞤳𞤭𞤪𞤭) is the capital and largest city of Guinea. A port city, it serves as the economic, financial and cultural centre of Guinea. Its p ...
. The current governor is Dr
Karamo Kaba.
History
The bank was established on 1 March 1960.
[Thomas O'Toole, ''Historical Dictionary of Guinea'', ]Scarecrow Press
Rowman & Littlefield Publishing Group is an independent publishing house founded in 1949. Under several imprints, the company offers scholarly books for the academic market, as well as trade books. The company also owns the book distributing compa ...
, 1978, p. 8-9 Ousmane Baldé
Ousmane Baldé (died 1971) was a Guinean economist and politician. He was President of the Central Bank of the Republic of Guinea 1963-1964, and served as a Minister of Economy and Finance. He was accused of being a mercenary
A mercenary, ...
was president of the bank in the 1960s before his execution in 1971. In 1972
President Touré took over governorship of the Bank, formally attaching it to the Presidency.
[
]
Governors
Activities
The Bank is active in promoting financial inclusion
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...
policy and is a leading member of th
Alliance for Financial Inclusion
It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya DeclarationGlobal Policy Forum The Global Policy Forum (GPF) is an international non-governmental organization founded in December 1993 and based in New York and Bonn (Global Policy Forum Europe). The aim of the Global Policy Forum is to critically accompany and analyze devel ...
held in Mexico.
See also
* Economy of Guinea
The economy of Guinea is dependent largely on agriculture and other rural activities. Guinea is richly endowed with good minerals, possessing an estimated quarter of the world's proven reserves of bauxite, more than of high-grade iron ore, sign ...
* Guinean franc
The Guinean franc (french: franc guinéen, ISO 4217 code: ''GNF'') is the currency of Guinea. It is subdivided into one hundred ''centimes'', but no centime denominations were ever issued.
History
First Guinean franc
The first Guinean franc was ...
* 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 ...
References
External links
*
Central Bank of the Republic of Guinea home page
{{Coord, 9.5098, -13.7144, type:landmark, display=inline,title
Banks of Guinea
Economy of Guinea
Guinea
Guinea ( ),, fuf, 𞤘𞤭𞤲𞤫, italic=no, Gine, wo, Gine, nqo, ߖߌ߬ߣߍ߫, bm, Gine officially the Republic of Guinea (french: République de Guinée), is a coastal country in West Africa. It borders the Atlantic Ocean to the we ...
Buildings and structures in Conakry
Banks established in 1960
1960 establishments in Guinea