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Payment and Settlement Systems

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Ms. B. N. Dreyer-Omoregie 
Director, Payment and Settlement Systems

The Payment and Settlement Systems Department supports the mission of the Bank by ensuring efficient and effective payment and settlement systems. The Department’s main focus areas are: oversight of national payment system; payment policy development; research of international payments, clearing and settlement developments; managing daily settlement as part of the operations of the Namibia Interbank Settlement System (NISS) and active participation in NPS projects, for example SADC payments integration projects.


Functions

The main responsibilities of the Department are summarised below:


  • To direct and facilitate the evolvement of payment systems in Namibia so as to provide for the needs of the economy and the public;
  • To provide a secure, robust and efficient settlement mechanism to facilitate inter-bank funds transfers;
  • To address risks that could jeopardise the soundness of the national payment system;
  • To reduce and contain the systemic risks inherent in national payment system;
  • To provide cost effective and credible services to the system participants according to international best practices.
  • To encourage and oversee the re-engineering of the payment system services to contribute to the achievement of Namibia’s Vision 2030.
  • To promote fair market conduct by all payment system participants by determining standards for user fees and charges for service delivery

Philosophy

The multi-disciplinary nature of payment systems require pro-activity and following a collaborative approach, involving and consulting all interest groups, both internal and external, thereby promoting co-operation and consensus building.


Management Structure


General

Inquiries to the Department may be directed to the Director’s office at:
Tel: +264 61 283 5352
Fax: +264 61 283 5931


Today’s rates
Inflation rates
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NCPI

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

NCPI 6.70 Apr 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 7.00
Prime 10.75
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$ / $ 13.0752 24 May 2017
N$ / £ 16.9628 24 May 2017
N$ / € 14.6176 24 May 2017
N$ / AOA 0.0717 24 May 2017

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