1998-11-02

Bank of Namibia Minimum Local Assets Statement

The Bank of Namibia issued this statement to report its consolidated financial position as of 30 September 1998, recording total assets and liabilities at N$1.509 billion. The balance sheet details key components, including N$507 million in currency circulation and N$283 million in government deposits, offset by over N$1.34 billion in external investments and N$31 million in domestic loans. This disclosure fulfills the central bank's statutory requirement to publish monthly asset and liability statements, providing transparent oversight of its minimum local assets and reserve allocations.

Namibia

Bank of Namibia

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GOVERNMENT GAZETTE

OF THE

REPUBLIC OF NAMIBIA

N$2.83 WINDHOEK - 2 November 1998 No. 1982

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CONTENTS

		Page
	GOVERNMENT NOTICES
No. 264	Recognition of approved society: The Institute of Land Surveyors of Namibia ...	2
No. 265	Carriage by Air Act, 1946: Conversion of sums of francs into Namibian currency .................................................................................................................	2
No. 266	Proposal that a portion of main road 44 be proclaimed: District of Swakopmund: Erongo Region .................................................................................	3
No. 267	Declaration of Hentiesbaai (Extension 8) to be an approved township .................	5
	GENERAL NOTICES
No. 258	Municipality of Karasburg: Amendment of Electricity Supply Regulations ........	7
No. 259	Municipality of Karasburg: Amendment of Sanitary Regulations ..........................	8
No. 260	Municipality of Karasburg: Amendment of Water Supply Regulations ...............	8
No. 261	Municipality of Otavi: Amendment of Electricity Supply Regulations .................	9
No. 262	Municipality of Otavi: Amendment of Health Regulations .....................................	9
No. 263	Municipality of Otavi: Amendment of Water Supply Regulations ........................	10
No. 264	Municipality of Otavi: Levying of rates on rateable property ................................	10
No. 265	City of Windhoek: Permanent closing of Herbst Street/Mission Road intersection, as streets .............................................................................................	10
No. 266	City of Windhoek: Permanent closing of portion A of erf 2475, Cathy Street, Klein Windhoek, as a public open space .............................................................	11
No. 267	City of Windhoek: Permanent closing of portion B of erf R/403, Sodaliet Street, Eros Park, as a public open space .............................................................	11
No. 268	Oshakati Town Council: Tariff Structure for 1998/1999 ..........................................	12

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No. 1982 Government Gazette 2 November 1998 19

BANK OF NAMIBIA

No. 270 1998

STATEMENT OF ASSETS AND LIABILITIES AS AT CLOSE OF BUSINESS ON 30 SEPTEMBER 1998

	30-09-1998	31-08-1998
LIABILITIES	N$	N$
Share Capital	40,000,000	40,000,000
General Reserve	52,087,531	52,087,531
Revaluation Reserve	360,879,329	435,640,236
Special Reserve	2,535,000	2,535,000
Building Reserve	65,933,292	65,933,292
Currency in Circulation	507,181,553	512,434,353
Deposits: Government	283,392,492	495,357,279
Bankers - Reserve	75,763,040	74,463,166
- Current	976	311,070
- Call	6,000,000	95,000
Other	31,959,474	35,201,604
Other Liabilities	83,484,830	77,764,739
	1,509,217,517	1,791,823,270
ASSETS
External:
Rand Cash	4,145,558	8,610,897
I M F - Special Drawing Rights	113,095	116,196
Investments - Rand Currency	333,710,329	516,732,823
- Other Currency	1,006,609,598	1,112,118,152
- Interest Accrued	13,954,501	8,482,358
Domestic:
Currency Inventory Account	4,873,987	5,081,978
Loans and advances	31,076,622	30,821,921
Fixed Assets	111,175,738	106,811,732
Other Assets	3,558,089	3,047,213
	1,509,217,517	1,791,823,270

T. ALWEENDO GOVERNOR

U DAVIDS CHIEF FINANCIAL OFFICER