Bank of Namibia

Sub-region: 

 

Governor 

 Mr. I. W. Shiimi

Headquarters Windhoek, Namibia
Established 1990
Currency Namibain dollar - NAD (ISO Code )
Website www.bon.com.na

 

The Bank of Namibia was established in 1990 by means of an act of parliament (Section 2 of the Bank of Namibia Act: Act no. 15 of 1997, as amended in 2004) to promote efficient payment system mechanisms, effective banking supervision, reserve management and economic research in order to implement appropriate monetary policy and proactively offer relevant financial and fiscal advise to all stakeholders.

Since its inception in 1990, the Bank has developed into a professional and credible organization with institutional competence. It is our sincere wish that your visit to the Bank of Namibia on the AACB website will enlighten you, not only on us as a Central bank, but on Namibia as whole.

Should you require more information on the economy of our country, the few website links provided on this page will guide you.

Our Corporate Charter

Vision
Monetary and financial stability supportive of sustainable economic development in Namibia

Mission
To promote efficient payment mechanisms, effective banking supervision, reserves management and economic research in order to implement appropriate monetary policy and proactively offer relevant financial and fiscal advice to all our stakeholders

Values
Our values guide us to be a centre of excellence, and we value our contribution to the organization. We uphold integrity, impartiality, open communication and transparency. We care for each others wellbeing.

Brief presentation of the country

Namibia, is a country of vast space ranging from forest to deserts. It is situated at the south-western coast of Africa. It neighbors South Africa, Angola, Botswana, Zambia and Zimbabwe, and got its independence in 1990.

Namibia is not only divers in its landscape that ranges from sea to sand dunes, but also in its culture - with 11 ethnic groups. The following information has been sourced from the [Namibia Population and Housing Census→ http://www.npc.gov.na/census/] (2001).

The 2001 Census is the second post-independence census; the first one had been undertaken in 1991.

Namibia’s Key Census Indicators, 2001 and 1991

 

Population Size 2001 1991
Total 1 830 330 1 409 920
Females 942 572 723 593
Males 887 721 686 327
Growth Rate 2.6 3.1
In Urban/Rural, percent    
Urban areas 33 28
Rural areas 67 72
Area:In square kilometres 824 116 823 144
Population density    
Persons per sq. km. 2.1 1.7
Literacy rate, 15+years,percent 81 76
Labour force, 15+years, percent    
In labour force 54 58
Employed 69 81
Unemployed 31 19
Central Banks: 

Namibian dollar

Data : not available

Central Banks: 

Publications

In its quest to keep all stakeholders informed and to ensure that the policy decisions are updated, the Bank of Namibia publishes a number of publications. The Statistics and Publications Division, within the Research Department publishes a number of publications each year. The following are, but a few of these main publications:

For more information, please visit the Bank of Namibia website .

Central Banks: 

Statistics

The Bank of Namibia through its Statistics and Publications Division, within the Research Department publishes a set of monthly, quarter and annually economic and related statistics. Following below are the key areas of these statistics:

 Balance of Payments

The balance of payments (BoP) statistics reflect on all transactions between Namibians and the rest of the world. The BoP has two main sectors namely the Current account and the Capital and Financial account. This section further reflects on exchange rates.

 Monetary and Financial Statistics

The monetary and financial statistics mainly reflect transactions of the banking sector in Namibia. This includes Assets and Liabilities of commercial banks, other banking institutions and the detailed account of the Bank of Namibia. The figures reflected in these tables are all on an aggregated basis.

 Real Sector

The real sector statistics cover developments in the real sector of the Namibian economy. These data include, among others, GDP, investments, expenditures and income , as well as price developments. The source of the real sector tables is the Central Bureau of Statistics.

 Government Finance Statistics

The Government Finance statistics cover the income and the expenditure of the Government that consists of the General Government and all its units or affiliated institutions, particularly the ones controlled and financed by the Government.

For more information please visit the Bank of Namibia website

Central Banks: