Regulatory Alerts2010-03-20
Repeal of Foreign Currency Exposure Limits
The Bank of Namibia has repealed its existing Foreign Currency Exposure Limits determinations (BID-16) under the Banking Institutions Act, 1998. This repeal takes effect on 22 March 2010 to accommodate the operational implementation of the Basel II Capital Adequacy Framework. Financial institutions must now adhere to updated capital adequacy standards, effectively replacing the previously published General Notice 283.
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