The Central Bank of The Gambia is the central bank of The Gambia. Its name is abbreviated to CBG. The bank is located in Banjul and was established in 1971. Buah Saidy is the current Governor.
Operations
As a central bank, CBG is responsible for providing banking services to the Gambian government, for managing interest rates and foreign exchange, for interacting with Gambian industries, for supporting microfinance, and for managing the value of the country's currency, the Gambian dalasi. The bank is responsible for managing the sale of Gambian bonds and treasury bills on the international securities market. The bank is involved in economic research in regard to the future of Gambia and West Africa.
The CBG is working with GIPFZA, the Gambia Investment Promotion and Free Zones Agency, in the creation of a 1.6 square kilometre business and industrial park near Banjul International Airport.
The CBG is the only institution in The Gambia that is permitted to issue the dalasi.
Governors of the Central Bank of The Gambia
Horace Reginald Monday, Mar 1971 - Nov 1972 Sheriff Saikuba Sisay, Dec 1972 - Apr 1982 Thomas Gregory George Senghore, May 1982 - Feb 1988 Mamour Malick Jagne, ? - 1991 - ? Abdou A. B. Njie ? - 1994 Momodou Clarke Bajo, 1994 - 2003 Famara Jatta, 2003 - 2007 Momodou Bamba Saho, 2007 - 2010 Amadou Colley, 2010 - 2017 Bakary Jammeh, 2017 - 2020 Buah Saidy - since 1 October 2020
See also
Central banks and currencies of Africa Economy of the Gambia List of central banks
References
External links
Central Bank of The Gambia official site GIPFZA West African Monetary Institute CBG's Banjul business park PDF dated October 2006