Namibia’s international reserves have increased from N$48.6 billion to N$51.9 billion after declining due to the Eurobond redemption.
During the monetary policy announcement held this week, central bank governor Ebson Uanguta said the increase was driven mainly by Southern African Customs Union receipts.
“The stock of international reserves recovered from the decline recorded in October 2025, following the successful redemption of the US$750 million Eurobond,” said Uanguta.
International reserves are the country’s savings in foreign currencies, gold and other external assets.
Uanguta said at this level, foreign reserves translate to an estimated import cover of 3.3 months.
Import cover shows how long the country could continue paying for imports – like fuel, food or machinery – if no new foreign money came in.
“The level of reserves is sufficient to support the currency peg and meet the country’s international financial obligations,” said Uanguta.
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