We strive to achieve and maintain monetary and financial system stability to support balanced macroeconomic development of Lesotho.
History Development
The Central Bank of Lesotho (CBL) was initially established as the Lesotho Monetary Authority in 1978 under the Lesotho Monetary Authority Act. It commenced operations on January 2nd, 1980. In 1982, the institution’s name was changed to the Central Bank of Lesotho (CBL) through an Act of Parliament. This change also expanded its functions and responsibilities.
In August 2000, the Central Bank of Lesotho Act of 2000 came into force, granting the CBL considerable autonomy. The Bank is a statutory organization fully owned by the Government of Lesotho. Its primary objective is to achieve and maintain price stability.
Additionally, the CBL plays a crucial role in formulating and implementing monetary policy, issuing and managing the country’s currency, and supervising financial institutions. The CBL’s vision is to be a dynamic institution pursuing excellence in central Banking, while its mission is to support balanced macroeconomic development by maintaining monetary and financial system stability. The Bank operates with utmost respect, integrity, and transparency, recognizing its accountability to the government and the people of Lesotho.
Additionally, the CBL plays a crucial role in formulating and implementing monetary policy, issuing and managing the country’s currency, and supervising financial institutions. The CBL’s vision is to be a dynamic institution pursuing excellence in central Banking, while its mission is to support balanced macroeconomic development by maintaining monetary and financial system stability. The Bank operates with utmost respect, integrity, and transparency, recognizing its accountability to the government and the people of Lesotho.
