 Banking Supervision and Regulations > >Functions
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Banking Supervision functions
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The Bank of Namibia has the responsibility to supervise all commercial banks in
order to safeguard the interests of their customers as depositors. In this regard,
the Bank monitors all the commercial banks on an ongoing basis by following international
best practices such as the Basle Core Principles of Effective Supervision and other
relevant legislative standards. Namibia has a sound and stable banking industry.
This is important, because it ensures that members of the public has unlimited access
to the Namibian currency and other payment systems that will enable them to purchase
goods and services.
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Repo Rate |
7.0000% |
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Prime Rate |
11.2500% |
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NCPI (01/2010) |
6.3% |
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N$/US Dollar |
7.31700 |
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N$/GBP |
11.11740 |
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N$/Euro |
9.95550 |
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