BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Gambia Central Bank of Gambia The Central Bank of The Gambia (CBG) is the central bank of Gambia. 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 dalasi, which is Gambia's currency.   Its main role is to act as banker to the Gambia Government and the commercial banks. They are also responsible for providing a secure & efficient payment & settlement system within the finance sector. The Central Bank's other functions involve various departments who issuing (Gambia Government T-Bills) on behalf of the Government, banking supervision, insurance industry compliance, licensing foreign exchange bureaus, economic research, the production of statistics. The institution performs its role independently. However, its role is carried under the general supervision of the Secretary of State for Finance and Economic Affairs. The primary objectives of the Central Bank are to:  ♦ Achieve and maintain price stability;  ♦ Promote and maintain the stability of the currency of The Gambia;  ♦ Direct and regulate the financial, insurance, banking and currency system in the interest of the economic development of The Gambia; and  ♦ Encourage and promote sustainable economic development and the efficient utilization of the resources of The Gambia through the effective and efficient operation of a financial system. To meet its objectives, the Central Bank has a series of operating functions and attributes regarding the following areas: the issue of bank notes and coins, the regulation of the amount of money in circulation and credit, the regulation of the financial system and the capital market, faculties to preserve financial system stability, functions as part of its role as fiscal agent, attributes in terms of international questions, attributes regarding foreign currency operations and statistical functions. The Central Bank are located in Banjul, Gambia. Central Bank of Gambia HQ Address: 1 Ecowas Avenue Banjul The Gambia West Africa Telephone: +220  42 28103 Facsimile: +220 42 26969 Website: www.cbg.gm Swift Code: CBGAGMGM Currency: Dalasi Banking Hours: Mon - Thur  :  8.00am - 4.00pm         Friday :  8.00am - 12.00pm   Similar to other Central Banks in the world, the functions of Central Bank of Gambia include providing banking services to the Government of Gambia and financial institutions, issuing the domestic currency, regulating commercial banks and other financial institutions, providing economic advice to the Government, conducting research and publishing information on monetary and other economic developments. 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 - 2022 BankHeadOffice.com ® All Rights Reserved