Central Bank of Lesotho
Encyclopedia
The Central Bank of Lesotho is the central bank
of Lesotho
, in southern Africa
. The bank is located in Maseru
and its current governor is Dr. M. Senaoana.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Lesotho
Lesotho
Lesotho , officially the Kingdom of Lesotho, is a landlocked country and enclave, surrounded by the Republic of South Africa. It is just over in size with a population of approximately 2,067,000. Its capital and largest city is Maseru. Lesotho is a member of the Commonwealth of Nations. The name...
, in southern Africa
Southern Africa
Southern Africa is the southernmost region of the African continent, variably defined by geography or geopolitics. Within the region are numerous territories, including the Republic of South Africa ; nowadays, the simpler term South Africa is generally reserved for the country in English.-UN...
. The bank is located in Maseru
Maseru
Maseru is the capital of Lesotho. It is also the capital of the Maseru District. Located on the Caledon River, bordering South Africa, Maseru is Lesotho's only sizable city, with a population of approximately 227,880 . The city was established as a police camp and assigned as the capital after the...
and its current governor is Dr. M. Senaoana.
See also
- Central banks and currencies of AfricaCentral banks and currencies of AfricaThere are two African currency unions associated with multinational central banks; the West African Banque Centrale des Etats de l'Afrique de l'Ouest and the Central African Banque des Etats de l'Afrique Centrale...
- Economy of LesothoEconomy of LesothoThe Economy of Lesotho is based on agriculture, livestock, manufacturing, and the earnings of laborers employed in South Africa. Lesotho is geographically surrounded by South Africa and economically integrated with it as well. The majority of households subsist on farming or migrant labor,...
- List of central banks