Loading...

Bank of Namibia

Exchange Control & Legal Services

Summary

Find out more about Exchange Control & Legal Services.

Exchange Control & Legal Services

The primary objective of the Exchange Control & Legal Services department is to administer Exchange Controls in Namibia as well as manage the Legal Affairs of the Bank.

The main responsibilities of the Department are to:
Department Responsibilities Icon

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.

Department Responsibilities Icon

Draft and negotiate specialised contracts of the Bank such as Currency Production and Supply contracts.

Department Responsibilities Icon

Appoint and Liaise with Legal Practitioners of the Bank.

Department Responsibilities Icon

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.

Department Responsibilities Icon

To Supervise and Regulate Authorised Dealers in Foreign Exchange.

Department Responsibilities Icon

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.

Department Responsibilities Icon

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.

Department Responsibilities Icon

To support foreign reserves management policy of the Bank.

Department Responsibilities Icon

To curb illegal dealings in foreign currency.


 Departmental Management
Mr. Tulonga Nakamhela

Deputy Director: Legal Services & Contract Management

Ms. Penelao Kapenda

Deputy Director: Exchange Control

 Contacts

General inquiries to the Exchange Control & Legal Services Department may be directed to the Director's office at:

     Tel: +264 61 283 5126
     Fax: +264 61 283 5228
Mr. Bryan Eiseb - Director: Exchange Control & Legal Services - Bank of Namibia
Mr. Bryan Eiseb

Director: Exchange Control & Legal Services


Bank of Namibia - Chatbot