BANK OF NAMIBIA
Welcome to the Bank of Namibia. As Namibia’s central bank, we are charged with numerous tasks such as: promoting economic growth and development, act as fiscal advisor and banker to Government, promote price stability, manage reserves and currency, ensure sound financial system and conduct economic research. Through this website, we offer you information that keeps you up-to-date with the operations of the Bank and the current economic developments in Namibia.
ABOUT THE BANK OF NAMIBIA
The Bank of Namibia welcomes you to our new and improved website. The Bank’s vision is to be a leading central bank committed to a prosperous Namibia. Through effective monetary policy and an inclusive and stable financial system, our mission is to support sustainable economic development for the benefit of all Namibian people. Our mission reflects our commitment to support socio- economic progress and sustainable economic development in Namibia.
To achieve this, we focus on our statutory mandate, which includes price and financial stability, supervision, payments and settlements, exchange control, banking services to the Government, the issuance of coins and notes, foreign reserves management, fiscal advice to the Government, and macroprudential oversight.
Our website has been customised to address our diverse stakeholders’ needs and to portray the functions of our various departments and divisions. In line with the ever-changing and fast-paced digital environment, we ensure that the content on our website is reader-friendly and provides an overview of the central bank’s objectives. As one of the Bank’s core strategic focus areas, stakeholder engagement remains an essential function of the Bank.
This pillar not only ensures that we communicate effectively and frequently, but also that we heed your feedback through our various online platforms. To enable this, we have developed a chatbot feature, which is prepopulated with enquiries received through our social media platforms, media engagements, and the Bank’s email facility. The updated responses are diverse, comprising issues relating to illegal financial schemes, currency, complaints procedures, credit bureaus, payment systems, Treasury Bills and Government bonds, and matters pertaining to monetary policy.
Mr Johannes !Gawaxab
Bank of Namibia
ACT WITH INTEGRITY
LEAD THROUGH INNOVATION
THE BANK’S RESPONSIBILITIES
The Bank of Namibia is the central bank of the Republic of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution.
The Bank is responsible for: