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Namibia’s foreign assets increase to N$288 billion
19 Dec 2024 19:17 GMT
… basis, the Bank of Namibia said in its December quarterly … said.
The Bank of Namibia added that increased direct investment … a decrease in claims of currency and deposits to non- … . The appreciation of the Namibian dollar against major currencies further exerted …
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Aussie dollar, shares take a hit as US rate hopes fade
19 Dec 2024 00:52 GMT
… close on Wednesday.
The currency has dropped nearly 10 per … pushing yields and the US dollar higher and tightening financial conditions … developing a uranium mine in Namibia.
On the flip side, … to 8,415.0.
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 62.20 …
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Why Forex Trading Is So Popular in South Africa?
09 Dec 2024 20:28 GMT
… creation and investment. Forex trading offers an attractive … of the forex market and how currency exchange works … Africa, Namibia, Lesotho, and Eswatini. Additionally, the Namibian dollar, the … their skills. Additionally, forex trading schools and mentorship …
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Namibia’s electricity prices the highest in southern Africa
19 Nov 2024 18:46 GMT
… on costly imported power.
Namibia has imported electricity to meet … energy opportunities for Namibia, in 2021, Namibia imported more than … 2023, the United States dollar appreciated by almost 20% … report.
The US dollar is the currency used for pricing power …
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Namibia considers digital currency
19 Nov 2024 17:30 GMT
… (CBDCs).
The CMA covers Namibia, South Africa, Eswathini and … was hosted by Bank of Namibia (BoN) governor Johannes ! … to the country’s fiat currency.
BoN spokesperson Kazembire Zemburuka …
Currently, the Bahamas (sand dollar), Eastern Caribbean Central Bank ( …
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Namibia’s power spending hits N$87b
08 Nov 2024 10:29 GMT
… depreciation of the Namibian dollar against the United States dollar (USD) has … driven up expenditures in local currency terms.
In addition, the … plays a critical role.
Namibia has moved away from … the delicate balance that Namibia’s electricity sector must …
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Is a single African currency feasible?
04 Nov 2024 11:03 GMT
… against the dollar. A single African currency would make the … a single African currency to alleviate currency exchange risks. Such … of creating a single currency. Firstly, each participating … Area includes South Africa, Namibia, Lesotho and Eswatini but …
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Namibia eyes BRICS benefits through ties with South Africa
30 Oct 2024 21:18 GMT
… systems, a push for local currency trade among BRICS nations, … on the U.S. dollar.
The summit in Russia … initiatives that align well with Namibia’s green hydrogen ambitions. … alignment in strategic priorities underscores Namibia’s intention to leverage …
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Can Namibia Avoid the‘Dutch Disease’ as GreenHydrogen Sector Emerges?
26 Oct 2024 11:34 GMT
… and less competitive.
With Namibia’s green hydrogen sector … ’s currency is pegged to another, as Namibia’s dollar is … as rapid currency appreciation.
However, pegging the currency does not … create sustainable economic growth.
Namibia has the opportunity to …
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Namibia skips 2024 BRICS summit due to non-membership
24 Oct 2024 20:25 GMT
… confirmed on Wednesday that Namibia’s participation in last … bloc’s increasing influence.
“Namibia could gain from BRICS, … also raised concerns about Namibia’s relationship with other … currency could change global financial systems. While the U.S. Dollar …