WINDHOEK, 03 APR – The Bank of Namibia (BoN) recorded about N.dollars 30.2 billion in international reserves at the end of 2017, which remained sufficient to sustain the currency peg to the South African Rand.
Presenting the reserve bank’s 2017 Annual Report here last week, BoN Governor Iipumbu Shiimi said the level of international reserves rose by 22,1 per cent, which is 6.5 times the currency in circulation. This supports the adequacy of reserves required to maintain the currency peg to the Rand.
Shiimi said this level of reserves resulted in an improved import cover of 4.6 months in 2017, from 3.2 months in 2016 and was above the international benchmark of 3.0 months.
The Namibian Dollar also appreciated against all major currencies in 2017, largely due to base effects and improved sentiment towards emerging markets and developing economies.
The Namibia Dollar strengthened by 9,2 per cent against the United States Dollar; 12,8 per cent against the British Pound and 7 per cent against the Euro.
NAMPA
30 comments
… [Trackback]
[…] Find More to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Information to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Read More on on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
افضل جامعة بالقاهرة الجديدة
[…]Here are a number of the websites we advise for our visitors[…]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Here you will find 69698 more Information to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] There you can find 53634 additional Information to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] There you will find 98471 more Information on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Read More on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More on on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Here you can find 49105 additional Information on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More Information here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Read More Information here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Info to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Here you can find 57245 additional Info to that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]
… [Trackback]
[…] Find More Info here on that Topic: namibiadailynews.info/bon-records-increase-in-international-reserves/ […]