Regulatory Alerts2000-01-01
Central Bank of Lesotho Act 2000
Parliament of Lesotho enacted the Central Bank of Lesotho Act 2000 to continue the Bank's corporate existence and mandate it to maintain price stability while executing national monetary and foreign exchange policies. The legislation establishes a nine-member Board of Directors led by the Governor, defines executive appointment and removal procedures, and grants comprehensive operational powers including currency issuance, financial institution supervision, capital market regulation, and government banking services. It further codifies the Bank's administrative structure, financial reporting obligations, international reserve management, and penal provisions for regulatory compliance.
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