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View Full Version : Namibian Central Bank Lowers Benchmark Rate to 8% - Bloomberg



NewsWhore
04-15-2009, 11:30 AM
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Namibian Central Bank Lowers Benchmark Rate to 8% (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da7lufkZIU9Oo%26refer%3Dafrica&cid=1334232895&ei=BfHlSc3MLo2ohAPg1eWEBw&usg=AFQjCNGxEuExiZBMBTOzgj6egzlHNa4jIQ)
Bloomberg
Namibia’s foreign currency reserves declined to 13.8 ($1.5 billion) in March from 14 billion in December, Alweendo said. This is still sufficient to support the Namibian dollar’s peg with the South African rand, he added.


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