Examples of Bank of Namibia Act in a sentence
The Bank of Namibia was only established in 1990, by section 2 of the Bank of Namibia Act, 1990 (Act No.8 of 1990) (Sindano, 2009).
They appear to remain in force under the current Bank of Namibia Act 1 of 2020 as a result of a chain of savings clauses.
Bank of Namibia has the sole responsibility under the Bank of Namibia Act to issue cash (bank notes and coins).
Exchange Control in Namibia is regulated by the: • Currency and Exchanges Act of 1933;• Exchange Control Regulations, 1961, Orders and Rules, as amended;• Common Monetary Area (CMA) Multilateral Monetary Agreement;• CMA Bilateral Monetary Agreement;• Bank of Namibia Act of 1997, Section 46.
Section 62(2) of the Bank of Namibia Act 8 of 1990 (GG 42) stated: Anything done in terms of a provision of the Act repealed by subsection (1) and which may or is required to be done in terms of this Act, shall be deemed to have been done in terms of the corresponding provision of this Act.
Section 60(2) of the Bank of Namibia Act 15 of 1997 (GG 1761) stated: Anything done in terms of a provision of the Act repealed by subsection (1) and which may or is required to be done in terms of that Act, shall be deemed to have been done in terms of the corresponding provision of this Act.” Thus, Act 15 of 1997 preserved things done in terms of the Bank of Namibia Act 8 of 1990.
The accounts of the Bank for the year ended 31 March 2008 are being reported on in accordance with the provisions set out in the State Finance Act, 1991 (Act 31 of 1991) and the Agricultural Bank of Namibia Act, 2003 (Act 5 of 2003).
Section 60(2) of the Bank of Namibia Act 15 of 1997 (GG 1761) stated:Anything done in terms of a provision of the Act repealed by subsection (1) and which may or is required to be done in terms of that Act, shall be deemed to have been done in terms of the corresponding provision of this Act.”Thus, Act 15 of 1997 preserved things done in terms of the Bank of Namibia Act 8 of 1990.
Similar to Lesotho, the exchange control policy in Namibia is the responsibility of the Ministry of Finance, but this has been delegated to the Bank of Namibia (BON) subject to the Exchange Control Regulations and Article 46 of the Bank of Namibia Act, 1997 (Act No.15 of 1997).
The accounts of the Bank for the year ended 31 March 2009 are being reported on in accordance with the provisions set out in the State Finance Act, 1991 (Act 31 of 1991) and the Agricultural Bank of Namibia Act, 2003 (Act 5 of 2003).