The Central Bank of São Tomé and Príncipe ( or BCSTP) is the
central bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
of
São Tomé and Príncipe
São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main isla ...
, a Portuguese-speaking
island nation
An island country, island state, or 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 (French language, French: ''Afrique centrale''; Spanish language, Spanish: ''África central''; Portuguese language, Portuguese: ''África Central'') is a subregion of the African continent comprising various countries accordin ...
.
History
At independence in 1975, the government converted the local branch of the Portuguese colonial bank,
Banco Nacional Ultramarino
Banco Nacional Ultramarino (, BNU; ; ) is a Macau banking and financial services corporation. It was historically a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as ...
, 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 ...
), 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 (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, 1992–1994
*
Carlos Quaresma Batista de Sousa, 1995–1999
*
Maria do Carmo Silveira, 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, 2009–2011
*
Maria do Carmo Silveira, 2011–2016
*
Hélio Silva Vaz de Almeida Hélio is a Portuguese given name:
* Hélio (footballer) (born 1986), Brazil-born Hong Kong footballer Hélio José de Souza Gonçalves.
* Helio Alves (born 1966), is a jazz pianist and son of pianists.
* Helio André (born 1992), Angola footballe ...
, 2016–2019
*
Américo Barros
Domingo Johnny Vega Urzúa (born December 24, 1977), 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 "Corazón" Améri ...
, 2019–2022
*
Américo Ramos, 2022–
See also
*
Ministry of Finance and Planning (São Tomé and Príncipe)
*
Economy of São Tomé and Príncipe
*
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
This is a list of central banks.
Central banks by alphabetical order
This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*).
Major central banks by currency allocation p ...
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, officially the Democratic Republic of São Tomé and Príncipe, is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main isla ...
São Tomé
1975 establishments in São Tomé and Príncipe
Banks established in 1975