Page 4 - Namibia Dollar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Benefits of pegging N$ to Rand outweigh delinking 2021-04-30  The 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. Responding to the question about pegging from the Parliamentary Standing Committee on Economics and Public Administration this week, Deputy Governor of the Bank of Namibia (BoN) Ebson Uanguta said after a review, the peg is still necessary as it maintains stability in the domes...

But Pula deterioration reduced loans by 4.7% COVID-19 pandemic overwhelms group editors@thepatriot.co.bw Bank Gaborone has contributed immensely to revenues of its parent company, Capricorn Group increasing gross loans and advances by 2.3% to P4.8 billion during six months ended 31 December 2020. The group says due to a deterioration of the Botswana Pula, its loans and advances decreased by 4.7% in Namibia Dollar terms with Group, adding that the Entrepo’s book loan grew by 10.6%. Bank Gaborone, a wholly-owned subsidiary of Capricorn Group, also contributed very significantly towards financ...

Fuel prices to increase on Wednesday 2021-02-01  Unfavourable international exchange rates coupled with volatile global oil prices will see Namibians paying 50 cents a litre more for both petrol and diesel as of Wednesday, 3 February. This means the new fuel prices at Walvis Bay will become N$11.85 per litre for petrol and N$11.88 per litre for diesel while prices across the rest of the country will be adjusted accordingly.  The Ministry of Mines and Energy confirmed the prices increase late last week, stating that Namibia is finding herself in a very volatile international oil market at...