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Banking Services Division

The Banking Services Division is made up of theBanking & Financial Reporting Section,the Currency & Numismatic Section and the National Payment Systems Unit.

The Banking & Financial Reporting Section exists in an operational capacity as banker to; and manager of accounts held with the Bank on behalf of Government, commercial banks, other local financial institutions, foreign Governmental agencies and international agencies. This section also bears the responsibility of managing the Bank's accounts (see Balance Sheet - pdf format) and the financial statements under the International Financial Reporting Standards (IFRS).

The Currency & Numismatic Section is responsible for the issue of currency and manages the sale, both locally and abroad of numismatic items and commemorative gold and silver coins.

The National Payment Systems Unit's role is to manage the development of different payment system projects of the country. The Unit maintains the responsibility to guide the reform and modernisation project on a day to day basis and also act as the secretariat. Particular focus is placed on existing clearing and settlement arrangements coupled with the requirements to introduce the electronic payment systems and services to provide a platform to migrate from the predominant manual arrangements existing today.

The normal banking hours are between 8.30 am to 12.30 pm, Monday to Friday.