Bank of Namibia
Encyclopedia
Namibia Reserve Bank
The Namibia Reserve Bank was the proposed name of Namibia's central bank upon Namibia's independence within the Commonwealth of Nations in March 1990. Moves were under way during 1990 to replace the South African rand with a proposed currency called the kalahar...
. The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar
Namibian dollar
The dollar has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies...
by authority that has been given to it under an Act of the Namibian Parliament
Parliament of Namibia
Parliament is the law-making body of Namibia legislature. It consists of two chambers:#The National Assembly initiates and approves laws...
. The head of the Bank of Namibia is the Governor of the Bank of Namibia
Governor of the Bank of Namibia
The Governor is the head official of the Bank of Namibia. He is responsible for implementing Namibia's monetary policy and chairing the meetings of the Bank's Board of Directors.-List of the Governors of the Bank of Namibia:* ?-1997: Jafaar bin Ahmad...
. Tom Alweendo
Tom Alweendo
Tom Kavaningilamo Alweendo is a Namibian businessperson. In 2003, he became the first Namibian Governor of the Bank of Namibia, when he replaced Jafaar bin Ahmad of Malaysia...
has been Governor since 1997.
See also
- Central banks and currencies of AfricaCentral banks and currencies of AfricaThere are two African currency unions associated with multinational central banks; the West African Banque Centrale des Etats de l'Afrique de l'Ouest and the Central African Banque des Etats de l'Afrique Centrale...
- Economy of NamibiaEconomy of NamibiaThe Namibian economy has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers, as well as a small,...
- List of central banks
- Namibian dollarNamibian dollarThe dollar has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies...