BankHeadOffice.com

        Bank Head Office Worldwide

 

Loan Calculators
Mortgage Guides
Banking FAQs
Banking Institutions

Central Banks Worldwide

 

 

 
Home  »  Central Banks Worldwide  »  Central Bank of Mauritania

Central Bank of Mauritania

 

Central Bank of Mauritania Logo

The Central Bank of Mauritania (French: Banque Centrale de Mauritanie, BCM) is the central bank of Mauritania, in northwest Africa. The bank is located in Nouakchott, just south of the Presidential Palace. The principal objective of the CBL is to achieve and maintain price stability in the Mauritania economy.

 
 

To this end, it seeks to preserve the purchasing power of the national currency; promote internal and external equilibrium in the national economy; encourage the mobilization of domestic and foreign savings and their efficient allocation for productive economic activities; facilitate the emergence of financial and capital markets that are capable of responding to the needs of the national economy, and foster monetary, credit and financial conditions conducive to orderly, balance and sustain economic growth and development. The management of the Bank is conducted by an Executive Governor who is also Chairman of the Board of Governors and a Deputy Governor who serves as principal assistant to the Executive Governor.


The Monetary Policy Council of the Central Bank of Mauritania seeks to achieve the objectives of its mission through:

   Establish standards and general conditions of the Bank's operations and determine the rates of interest and commissions;
   To accredit banks and other financial institutions;
   To accredit payment systems and securities settlement;
   Provide notice to the General Council if needed;
   Decide on the policy of sanctions and withdrawal of approval of banks and other lending institutions; and
   Specify how to buy or sell, loan or loan discount, making a pledge, take or repurchase debt and issue of bonds bearing interest, and the nature and the extent of the guarantees attached to loans made ​​by the Central Bank.

In achieving the objectives above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.

 

Central Bank of Mauritania HQ Location Map

Central Bank of Mauritania
HQ Address: Avenue de l’indépendance
BP 623 Nouakchott
Mauritania
Tel: +222 252 206
Fax: +222 525 2759
Website: www.bcm.mr
Swift Code: BCEMMRMR
Currency: Ouguiy
Banking Hours:
Saturday - Thursday : 8.00am - 4.00pm
 

 

The Central Bank of Mauritania accepts that the credibility of its policy and actions is a prerequisite for the attainment of its goals and that such credibility can only be achieved and maintained through independent action, firmness of principle, resoluteness and fixed intent.
 

List of banks governed by the Central Bank of Mauritania
» BNP Paribas (BNP) » Banque El Amana (BEA) » Chinguitty Bank
» Société Générale (SGM) » Générale de Banque de Mauritanie (GBM) » Banque Nationale de Mauritanie (BNM)
» Banque Al Wava Mauritanienne Islamique (BAMIS) » Banque pour le Commerce et l'Investissement (BCI)
» Banque Mauritanienne pour le Commerce International (BMCI)
» Banque pour le Commerce et l'Investissement en Mauritanie (BACIM)

DISCLAIMER
The content comes from Internet, reasonable efforts are made to maintain accuracy of information published.
However, information could contain errors or inaccuracies and is presented without warranty and statutory means.
No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise.
All trademarks, logos, brand names and copyrights are the property of their respective owners.

© 2011 - 2014 BankHeadOffice.com ® All Rights Reserved