Bank of Namibia

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Logo of the Bank of 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. The Bank of Namibia was established by the Bank of Namibia Act, 1990 (Act 8 of 1990).[1] The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar by authority that has been given to it under an Act of the Namibian Parliament. The head of the Bank of Namibia is the Governor of the Bank of Namibia.

The Governors to date have been:

  • Dr WL Bernard (16/07/1990 till 31/08/1991)
  • Mr E Karlsson (01/09/1991 till 31/12/1993)
  • Dr J Ahmad (01/01/1994 till 31/12/1996)
  • Mr TK Alweendo (01/01/1997 till 25/03/2010)
  • Mr Ipumbu Shiimi (25/03/2010 to Date)

The Bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.[2] On March 5, 2012 the Bank of Namibia announced it would be making specific commitments to financial inclusion under the Maya Declaration.

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