Namibia: Foreign Reserves Hit Five-Month Low in Nov '17

NAMIBIA's foreign reserves declined at the end of November to a five-month low of N$28,5 billion from N$31,6 billion at the end of October 2017, stated the Bank of Namibia last Friday.

The decrease in foreign reserves, according to BoN, was mainly due to exchange rate fluctuations and foreign currency purchases by commercial banks during November.

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