02
Mar
Namibia’s international reserves rose to N$51.9 billion at the end of January, driven by inflows from the Southern African Customs Union (SACU). In an uncertain global environment marked by currency volatility, geopolitical tension and tightening financial conditions, this development is a welcome affirmation of macroeconomic stability and disciplined fiscal management. For a small, open economy such as ours, international reserves are not abstract accounting figures. They are the backbone of financial credibility. They ensure the country can meet its import obligations, service external debt and cushion itself against global shocks. Crucially, they sustain confidence in the one-to-one peg between the…
