The Central Bank of Samoa (Samoan: Faletupe Tutotonu o Samoa), situated in the capital Apia beside the main government buildings, issues the Samoan currency, the Samoan tālā as well as regulates and manages the exchange rate with foreign currencies.[2] In its role as the central bank for the government and the country, it is also responsible for the registration and supervision of commercial banks. The current governor since 2011 has been Maiava Atalina Emma Ainuu-Enari.[3]
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| Headquarters | Apia, Samoa |
|---|---|
| Established | 25 February 1984 |
| Ownership | 100% state ownership[1] |
| Governor | Atalina Ainuu-Enari |
| Central bank of | Samoa |
| Currency | Samoan tālā WST (ISO 4217) |
| Reserves | 120 million USD[1] |
| Website | www.cbs.gov.ws |
| Other Samoan currency symbols used also include SAT, ST or T. | |
Legally, the bank follows a mandate pursuant to the Central Bank of Samoa Act 1984, the Financial Institutions Act 1996 and the Money Laundering Prevention Act 2000.[4] The Central Bank of Samoa was preceded by Monetary Board established in 1975.
The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[5] The institution made a Maya Declaration Commitment in 2013 with an intent to build an inclusive financial system in Samoa that serves all members of society.[6]
Its official name in the Samoan language, Faletupe Tutotonu o Samoa, means 'Central Bank (lit. Central Money House) of Samoa'.
Head office edit
The head office for the bank is situated in the capital Apia, near the government buildings and by a historic clock tower.
Governors edit
- William E. Davies, Australian, January 1984 - February 1987[7]
- John A. Howard, Briton, February 1987 - April 1989[7]
- Leasi Papali'i Tommy Scanlan, April 1989 - August 2011[7]
- Atalina Ainuu-Enari, August 2011 -[8]
See also edit
References edit
- ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ ":: The Central Bank of Samoa | Currency | Collector's Currency | Index ::". Archived from the original on 2010-11-25. Retrieved 2010-11-18.
- ^ "Central Bank of Samoa Governor » The Central Bank of Samoa". www.cbs.gov.ws. Archived from the original on 2021-04-21. Retrieved 2016-09-21.
- ^ "Introduction". Central Bank of Samoa website. Archived from the original on 6 December 2010. Retrieved 18 November 2010.
- ^ "AFI official website". AFI Global. 2011-10-10. Retrieved 2012-02-23.
- ^ "Maya Declaration: Commitment made by the Central Bank of Samoa". AFI. 18 October 2013. Archived from the original on 3 March 2016.
- ^ a b c "Man controlling Samoa's economy". Samoa Observer.
- ^ "THE CENTRAL BANK OF SAMOA | About the Central Bank | Who we are | Central Bank Governor". Archived from the original on 25 December 2012.
External links edit
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