The National Bank of Guinea-Bissau ( or BNG) was the central bank of Guinea-Bissau from February 1975 until May 1997, when Guinea-Bissau joined the Central Bank of West African States.
History
At independence in February 1975, Guinea-Bissau nationalized the Banco Nacional Ultramarino, Portuguese bank's branch, and transformed it into the country's central bank. The currency, Portuguese escudo, was replaced with Guinea-Bissau peso. In 1990, the bank was renamed as the Central Bank of Guinea Bissau (Banco Central da Guiné-Bissau).
In May 1997 Guinea-Bissau joined the francophone West African Monetary Union Union Économique et Monétaire Ouest-Africaine (UEMOA). Consequently, National Bank of Guinea-Bissau was converted as a national branch of Central Bank of West African States (BCEAO), and national currency Guinea Bissau peso was replaced by West African CFA franc.
Governors Governors of the National Bank since independence Victor Freire Monteiro, February 1975 - July 1982 Pedro A. Godinho Gomes, July 1982 - April 1992 Luis Candido Ribeiro, April 1992 - March 1995 de Sousa, March 1995 - July 1997
See also Economy of Guinea-Bissau Minister of Finance (Guinea-Bissau) List of central banks of Africa
References