Regulatory Alerts2015-01-01
Central Bank of Samoa Act 2015
The Parliament of Samoa enacted the Central Bank of Samoa Act 2015 to establish the Central Bank as an independent legal entity responsible for monetary stability and financial system oversight. The Act defines the Bank's primary objectives, including price stability and financial system resilience, while outlining the governance structure comprising the Executive Committee and the Management Committee. It further regulates the appointment, tenure, and removal of the Governor and non-executive directors, and grants the Bank powers over currency issuance, foreign exchange management, and the supervision of financial institutions.
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