The Central Bank of Lesotho will be celebrating the
25th anniversary (silver jubilee) of its
establishment on January 28, 2005. According to the
Chief, Public Relations Mrs N.E. Mashologu,
preparations for this momentous occasion are
underway. “Invited guests are receiving invitations
for the anniversary. It is expected that the former
Governors of the Central bank of Lesotho as well as
those from the Southern African Development
Community (SADC) countries will attend the event”.
The official celebration will be preceded by a
Symposium that will take place on January 27, 2005
at Maseru Sun Hotel. The theme of the Symposium is
“The Role of the Central Bank in Macroeconomic
Stability, Growth and Poverty Reduction: Have We Won
The Battles But Not The War?”
The celebrations will be held at the Central Bank
premises on January 28, 2005. Among those expected
to attend are The Prime Minister of Lesotho Mr.
Pakalitha Mosisili and the Minister of Finance &
Development Planning Dr. Timothy T. Thahane, other
government Ministers, members of Parliament and
government officials.
Visitors will be taken on an excursion tour to a
venue to be announced later, on January 29, 2005.
Details of the programmes for the celebrations,
symposium and the tour will be provided later.
Historical Background:
Lesotho
Monetary Authority was established by Act No.13 of
1978 and started operations in January 1980. In
1982, through the Act of Parliament, the name
Lesotho Monetary Authority was changed to the
Central Bank of Lesotho (CBL) and additional
functions and responsibilities were prescribed to
the new institution. In August 2000, the Central
Bank of Lesotho Act of 2000 came into force. This
new Act has conferred considerable autonomy to the
Central Bank and defines a singular objective for
the Bank. The Bank is now independent in devising
and implementing the country’s monetary policy and
has been empowered to develop and regulate the
country’s financial system.
For more information read “About the bank”..
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