Examples of Bank of Namibia in a sentence
The South Africa Reserve Bank has been replaced by the Bank of Namibia, in terms of the Bank of Namibia Act 8 of 1990, which was replaced by the Bank of Namibia Act 15 of 1997.
Funds transferred into Namibia for local expenditures, funds utilized abroad to purchase goods and services for Petroleum Operations, charges for services performed by Company or its subcontractors outside Namibia as part of Petroleum Operations and all other expenditures and investments made pursuant to this Agreement shall be filed by Company’s Namibian bankers with the Bank of Namibia which shall issue appropriate written confirmation to Company.
Purchase or sale of foreign exchange shall be affected at the exchange rate most favorable to Company, as quoted by the Bank of Namibia.
If any amount payable under a judgment registered in terms of subsection (1) is expressed in a currency other than the currency of Namibia, the judgment shall be registered as if it were a judgment for such amount in the currency of Namibia, calculated at the opening rate of exchange on the date of such registration, as advised by the Bank of Namibia.
Upon application by a person to establish or conduct an export processing zone enterprise in an export processing zone, the export processing zone management company appointed for such export processing zone may, in consultation with the Minister, the Minister of Finance and the Bank of Namibia, and subject to the provisions of subsection (5), grant such application and issue an export processing zone enterprise certificate in the name of the applicant.
The juristic person known as the Agricultural Bank of Namibia continues to exist under the name Agribank.
Notwithstanding subsection (2), the Minister, after consultation with the Governor of the Bank of Namibia, may specify by notice in the Gazette persons, or categories of persons, from whom the Agribank may accept deposits.
The provisions of this section apply also to a person who immediately before the date of commencement of the Agricultural Bank of Namibia Amendment Act, 2004 served as a member of the Board.
If, in the opinion of the Bank of Namibia, the amount of foreign currency required to give effect to paragraph (c) or (d) of subsection (1) in respect of any enterprise would have a significant adverse effect on the external payments liabilities of Namibia, the appropriate foreign currency may be made available by such number of instalments of such amounts and at such intervals as the Bank of Namibia may determine.
This Act is called the Agricultural Bank of Namibia Act, 2003, and comes into operation on a date determined by the Minister by notice in the Gazette.