National Bank of Guinea-Bissau
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GWP (ISO 4217)
 National bank building in Bissau (photo taken in 2008) | |
| Headquarters | Bissau |
|---|---|
| Established | February 1975 |
| Central bank of | Guinea-Bissau |
| Currency | Guinea-Bissau peso (GWP) GWP (ISO 4217) |
| National Bank of Guinea-Bissau was converted to a national branch of Central Bank of West African States | |
The National Bank of Guinea-Bissau (Portuguese: Banco Nacional da Guiné-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.[1]
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.[1] 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.[2][1]
