Headquarters São Tomé Website www.bcstp.st President Maria do Carmo Silveira | Ownership Government owned Founded 24 May 1975 Central bank of São Tomé and Príncipe | |
Established 24 May 1975 (1975-05-24) Governor Maria do Carmo Silveira Currency São Tomé and Príncipe dobra (Db)
STD (ISO 4217) | ||
The Central Bank of São Tomé and Príncipe (Portuguese: Banco Central de São Tomé e Príncipe or BCSTP) is the central bank of São Tomé and Príncipe, a Portuguese-speaking island nation off the western equatorial coast of Central Africa.
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History
At independence in 1975, the government converted the local branch of the Portuguese colonial bank, Banco Nacional Ultramarino, 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), 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
Since the reform, passed on 24 August 1992, the bank had six central governors: