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The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution.It is located in the capital city of Windhoek.
Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank of Namibia. Following Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank.
The Bank of Namibia (BoN) is the central bank of Namibia responsible for performing all other functions ordinarily performed by a central bank. There are five BoN authorised commercial banks in Namibia: Bank Windhoek, First National Bank, Nedbank, Standard Bank and Small and Medium Enterprises Bank.
The Governor is the official head of the Bank of Namibia. They are responsible for implementing Namibia's monetary policy and chairing the meetings of the bank's board of directors. List of governors of the Bank of Namibia. The governors of the Bank of Namibia from 1990 to date have been: Wouter Benard (16 June 1990 - 31 August 1991)
The Bank of Namibia has recently issued in limited quantity, the N$10 and N$20 notes on paper with improved quality and shifted the placement of the diamond-shaped optically variable ink feature. On 21 March 2020, the Bank of Namibia unveiled a new 30 dollar polymer note to commemorate the 30th anniversary of independence.
Bank Windhoek Limited (Bank Windhoek) is a commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients, which include personal, commercial and Small and Medium-sized Enterprise (SME) banking and accounts.
Ontana, Omusati Region [1] Alma mater. University of London. Occupation. Politician. Profession. Economist. Iipumbu Wendelinus Shiimi is a Namibian economist who has been the Minister of Finance since 2020. Before that, he served as governor of the Bank of Namibia from 2010 until 2020.
Thomas Kavaningilamo Alweendo (born 17 March 1958 in Omusheshe, Oshana Region) is a Namibian politician who has been Minister of Mines and Energy since 2018. In 1997, he became the first Namibian Governor of the Bank of Namibia when he replaced Jafaar bin Ahmad of Malaysia. In 2010, Alweendo was appointed to lead the National Planning Commission.