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Cross Border Foreign Exchange Transaction Reporting System

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Effective 3 March 2003, the Bank of Namibia has introduced a new reporting system that replaced the previous Forms A and E. The new reporting system provides more accurate information for statistical and policy formulation purposes and it is electronically based.


All the Authorized Dealers are required to submit their daily foreign financial reports to the Bank of Namibia via an electronic system. These include payments made to foreign parties by Namibian residents as well as the payments received by Namibian residents from foreign parties.


The new reporting system is in line with international standard of reporting and managing Balance of Payment data and it requires comprehensive reporting of transactions irrespective of their value. The compiled information is used for multi-purposes, including the compilation of balance of payment statistics of Namibia.


The Nation is therefore urged to be part and parcel of this reporting system by cooperating fully with our Authorized Dealers by providing an accurate and full description of the payment to be made or received. This will enable your bank to put the right information in the right category for balance of payment and other policy formulation purposes.


The information given to the banks is strictly confidential and can not be tampered with. As security is one of our top priorities, all information transmitted to the Bank of Namibia will be treated with the utmost care and confidentiality.


It should be taken into consideration that the new reporting system does not exempt any individual or entity from complying with the exchange control rules and regulations requirements of such transaction.


Any further information regarding the new reporting system can be obtained by accesssing the following links:

Cross Border Version 1

Cross Border Version 3

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$ / $ 13.1853 22 May 2017
N$ / £ 17.1393 22 May 2017
N$ / € 14.7526 22 May 2017
N$ / AOA 0.0717 22 May 2017

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