BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of Namibia Bank of Namibia Bank of Namibia, as Republic of Namibia’s central bank, are entrusted with various functions such as supporting economic growth and development, promoting price stability, efficient payment systems, effective banking supervision, reserves management and economic research in order to proactively offer relevant financial and fiscal advice to all our stakeholders. Vision of the Bank is to be a centre of excellence, a professional and credible institution, working in the public interest, and supporting the achievement of the national economic development goals.   The objective of the central bank of Namibia, according the Namibian Constitution, is to 'serve as the State’s principle instrument to control the money supply, the currency and the institutions of finance, and to perform all other functions ordinarily performed by a central bank'. The Bank of Namibia Act No. 15 of 1997 further elaborates on this by laying down the following objectives:   • to promote and maintain internal and external monetary stability and efficient payment mechanism;   • to foster monetary, credit and financial conditions conducive to the orderly, balanced and sustained economic development of Namibia;   • to serve as the Governments’ banker, financial advisor and fiscal agent   • to assist in the attainment of national economic goals; and   • to promote and maintain a sound monetary, credit and financial system, in Namibia and sustain the liquidity, solvency and functioning of that system. The Bank of Namibia was also given the responsibility of establishing the discount rate and intervening to control interest rates. Bank of Namibia HQ Address: 71 Robert Mugabe Ave Windhoek Namibia Tel: +264 61 283 5111 Fax: +264 61 283 5067 Website: www.bon.com.na Swift Code: CBKNNAN Currency: Namibian dollar Banking Hours: Monday - Friday : 8.30am - 3.30pm   In achieving the functions as mentioned above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff. List of banks governed by the Bank of Namibia » Bank Windhoek » Nedbank » Standard Bank » First National Bank DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved