Financial Markets

Bank of Namibia Bills


Find out more about Bank of Namibia Bills.

Bank of Namibia Bills

The Bank of Namibia Bills were issued according to section 7 of the Bank of Namibia Act, 2020 (No. 1 of 2020). The purpose of the Bills is to assist banking institutions’ compliance with the requirements for liquid assets. The Bills are also employed as a reserve protection tool to absorb excess liquidity in the market and prevent the potential outflow of funds that have a negative impact on the Bank’s official reserves. Tenders generally occur monthly or otherwise at a frequency rate determined by the Bank. The frequency, issue size, rates, and tenor periods of tenders are determined by the Bank of Namibia, at its own discretion, after careful consideration of the prevailing market conditions.

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