Governor of the Bank of Namibia
Encyclopedia
The Governor
is the head official of the Bank of Namibia
. He is responsible for implementing Namibia
's monetary policy
and chairing the meetings of the Bank's Board of Directors
.
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
is the head official of the Bank of Namibia
Bank of Namibia
The Bank of Namibia was established in 1993 to replace the never opened Namibia Reserve Bank. The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar by authority that has been given to it under an Act of the Namibian Parliament. The head of the Bank of Namibia is...
. He is responsible for implementing Namibia
Namibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
's monetary policy
Monetary policy
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...
and chairing the meetings of the Bank's Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
.
List of the Governors of the Bank of Namibia
- ?-1997: Jafaar bin Ahmad
- 1997-present: Tom AlweendoTom AlweendoTom Kavaningilamo Alweendo is a Namibian businessperson. In 2003, he became the first Namibian Governor of the Bank of Namibia, when he replaced Jafaar bin Ahmad of Malaysia...