WINDHOEK, April 2 — Namibia’s international reserves held by the Bank of Namibia rose by 2.8 percent over the year to 2.2 billion U.S. dollars at the end of 2018, according to a report released Tuesday.
The rise in reserves was partly due to inflows of the Southern African Customs Union receipts and the second tranche of the African Development Bank loan to the government, the central bank said in the report.
“The reserves were estimated to cover 4.5 months of the country’s imports of goods and services, which was slightly higher than the 4.4 months recorded at the end of 2017,” the bank’s deputy governor, Ebson Uanguta said in the central bank’s annual report for 2018.
Meanwhile, according to the central bank, Namibia’s current account deficit narrowed further to 2.1 percent of GDP during 2018 from 5.1 percent of GDP in 2017.
Xinhua
15 comments
… [Trackback]
[…] There you can find 38573 additional Information to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] There you will find 41924 additional Info to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Here you will find 97437 more Info on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Here you can find 27843 additional Info on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Here you can find 43999 more Info on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] There you can find 21874 additional Information to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
… [Trackback]
[…] There you can find 98011 more Information on that Topic: namibiadailynews.info/namibian-foreign-reserves-rose-2-8-pct-last-year-central-bank/ […]
Comments are closed.