Author: Maihapa Ndjavera (Maihapa Ndjavera )

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Current currency peg serves Namibia well – BoN
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Current currency peg serves Namibia well – BoN

Benefits from the current fixed one-to-one exchange rate arrangement between the Namibia Dollar and the South African Rand outweigh the costs, and delinking is not an option, as it would severely negatively impact the domestic economy in various ways, the Bank of Namibia governor has said.

Repo rate imbalance costs Namibia N$10b 
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Repo rate imbalance costs Namibia N$10b 

The difference in repo rates between South Africa, which currently stands at 8.25%, while Namibia is at 7.75%, amounting to a difference of 50 basis points, continues to be the reason that many investors chase better returns in South Africa.

City owed N$1.2b
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City owed N$1.2b

The City of Windhoek is owed a staggering N$1.2 billion as at May 2023. City spokesperson Lydia Amutenya stated the amount also includes the current accounts that are due for payment in June 2023.