Bank of Namibia

Statement of foreign exchange reserves of the Bank

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Most central banks across the world are charged with the responsibility to manage their nations’ gold and foreign exchange reserves. In accordance with section 27 of the Bank of Namibia Act, 1997, the Bank is responsible to establish and maintain international reserves consisting of certain prescribed external assets. The reserve assets are held to provide support for the issue of domestic currency, as required in terms of the Bilateral Monetary Agreement between the Governments of the Republic of Namibia and the Republic of South Africa, They are also held to enable the funding of international transactions of the country as stipulated in section 28(2) of the Bank of Namibia Act, 1997. Reserves are also held to serve other objectives like maintaining confidence in the country’s monetary and exchange rate policies, providing confidence to the international community that the country can meet its external obligations and to ensure the economy is resilient to external shocks.

Today’s rates
Inflation rates
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NCPI

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

NCPI 5.40 Jul 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$ / $ 13.1484 17 Aug 2017
N$ / £ 16.9434 17 Aug 2017
N$ / € 15.4674 17 Aug 2017
N$ / AOA 0.0717 17 Aug 2017

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