Bank of Namibia

The Bank of Namibia (BoN) was established in accordance with a provision in the Constitution of the Republic of Namibia, Chapter 17, Article 128. The Articles states: There shall be established by Act of Parliament a Central Bank of the Republic of Namibia, which shall serve as the State’s principal 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 Governing Board of the Central Bank shall consist of a Governor, a Deputy-Governor and such other members of the Board as shall be prescribed by Act of Parliament, and all members of the Board shall be appointed by the President in accordance with procedures prescribed by such Act of Parliament. In 1998, the Banking Institutions Act no. 2 of 1998 was passed by the Parliament. This Act gives powers to the Bank and spelled out some regulatory mandate over commercial banks in Namibia.

Address: PO Box 2882, 71 Robert Mugabe Avenue, Windhoek, Namibia

Phone: +264 61 2835111
FAX: +264 61 2835228