Chamwe Kaira The government’s overdraft widened in October as the Bank of Namibia’s (BoN) balance sheet contracted sharply. This...
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Maroc - OBSERVER24.COM.NA - A la Une - 03/Nov 07:28
Foreign reserves drop to N$54.7 billion in September
Chamwe Kaira Namibia’s stock of international reserves fell to N$54.7 billion in September as government foreign payments reduced the country’s foreign assets, data from the Bank of Namibia shows. The figure represents a 4.1% month-on-month decline, translating into 3.6 months of import cover. When oil exploration and appraisal activities are excluded, import cover improved slightly […]
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