20
Feb
The decision by the Bank of Namibia to begin purchasing gold from local producers marks one of the most consequential shifts in the country’s reserve management strategy since independence. By targeting gold to make up approximately 3% of Namibia’s net foreign exchange reserves, the central bank has signalled a deliberate and strategic recalibration of how it intends to shield the economy from global turbulence. At face value, the move appears prudent. Central banks worldwide have been reassessing their exposure to foreign currencies in an era marked by geopolitical tensions, persistent inflationary pressures and volatile capital flows. Gold, historically regarded as…
