business
Reserves rise to N$58bn as private-sector credit growth slows
The country’s stock of international reserves increased by 2.9% month-on-month to N$58 billion at the end of July, supported mainly by Southern African Customs Union (SACU) receipts and strong foreign-currency placements by commercial banks, according to the Bank of Namibia’s Money and Banking Statistics for July.
Windhoek ObserverBy Chamwe Kaira2 Sept 2026, 02:21 am
The country’s stock of international reserves increased by 2.9% month-on-month to N$58 billion at the end of July, supported mainly by Southern African Customs Union (SACU) receipts and strong foreign-currency placements by commercial banks, according to the Bank of Namibia’s Money and Banking Statistics for July.
Originally published by Windhoek Observer on 2 Sept 2026, 02:21 am. View original article