Namibia: Central Bank's International Reserves Decline to U.S.$2.2 Billion

[New Era] The stock of international reserves held by the Bank of Namibia (BoN) declined both on an annual and quarterly basis at the end of the third quarter of 2019, Bank of Namibia governor Iipumbu Shiimi said in the central bank's quarterly report for Q3 2019. The stock of international reserves decreased by 0.8% year-on-year and 3.5% quarter-on-quarter to a level of N$32.3 billion at the end of September 2019.