Bank of Namibia (Namibia)

The Bank of Namibia is the central bank of the Republic of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. In support of economic growth and development their mandate is to promote 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 their stakeholders.
The mandate of the Bank of Namibia is to promote and maintain a sound monetary, credit and financial system in the country. A sound monetary system refers to a stable, reliable and acceptable currency as well as to all other payment instruments in the financial system. The banking system of a country which is stable, is treated with respect in business and public circles because it is reliable. It is, therefore, necessary for planning and budgetary purposes that the business and public sectors know that their money will not lose value and is well cared for.