Bank of Namibia

Exchange Control & Legal Services

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Mr B. Eiseb
Director,
Exchange Control
& Legal Services

Objective:   To administer Exchange Controls in Namibia as well as manage the Legal Affairs of the Bank.
 

  • To provide legal advice to the Bank of Namibia and on matters relating to its mandate and the laws that is administered by the Bank.
     
  • Draft and negotiate specialised contracts of the Bank such as Currency Production and Supply contracts.
     
  • Appoint and Liaise with Legal Practitioners of the Bank.
     
  • To provide legal advice on the formulation and drafting of legal statutes, rulings, determinations, regulations, by-laws and notices issued by the Bank or the Minister of Finance.
     
  • To Supervise and Regulate Authorised Dealers in Foreign Exchange.
     
  • To ensure the timely repatriation into the Namibian banking system of all foreign currency acquired by residents of Namibia, whether through transactions of current or of capital nature;
     
  • To enforce compliance over the movement into and out of Namibia of foreign currency while at the same time avoiding excessive interference with the efficient operation of the commercial, industrial and financial systems of the country;
     
  • To support foreign reserves management policy of the Bank;
     
  • To curb illegal dealings in foreign currency;
     

Departmental Management

Mr. Bryan Eiseb, Director:  Exchange Control & Legal Services
Mr. Tulonga Nakamhela, Deputy Director: Legal Services & Contract Management

Contacts

General inquiries to the Department may be directed to the Director's office at:

Tel: +264 61 283 5126
Fax: +264 61 283 5228
Email: Administration Assistant


 


Today’s rates
Inflation rates
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NCPI

CONSUMER PRICES Total (All urban areas) 12-Term % change

NCPI 5.60 Sep 2017
Interest rates
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Repo rate

Repurchase rate: Rate at which the private (sector) banks borrow namibian dollars from the Bank of Namibia

Prime overdraft rate (predominant rate)

Benchmark rate at which private banks lend out to the public.

Repo 6.75
Prime 10.50
Exchange rates
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NAD per US Dollar

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per British Pound

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Euro

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Angolan Kwanza

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

N$ / $ 13.4186 18 Oct 2017
N$ / £ 17.6822 18 Oct 2017
N$ / € 15.7858 18 Oct 2017
N$ / AOA 0.0717 18 Oct 2017

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