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Bank of Namibia

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Find out more about BoN Wins Transparency Award.

BoN Wins Transparency Award
14 June 2024 | Media Release
 

The Bank of Namibia was awarded the Transparency Award at the Annual Central Banking Awards, held London on 13 June 2024. The prestigious event, organised by Central Banking Publications, celebrates exceptional achievements within the central banking community.

As the overall winner in the transparency category for the 2023 period, the Bank of Namibia was recognised for its outstanding efforts in broadening the reach and depth of its monetary policy communications and enhancing transparency in the execution of its price stability mandate.

In a bid to reach a wider audience, the Bank also began translating the Monetary Policy statements into local languages, coupled with radio interviews. Additionally, educational videos have been produced to explain monetary policy in accessible language on social media. In August 2023, the Bank made history by hosting its Monetary Policy Announcement at its Oshakati Branch, outside of the capital city and its headquarters. Furthermore, the Bank has conducted Public Lectures in various regions, facilitated by the Governor, Mr. Johannes !Gawaxab, to educate stakeholders on its mandate.

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