Namibia's foreign reserves hit five-month low in Nov

WINDHOEK: Namibia's stock of foreign reserves declined at the end of November to a five-month low of 28.5 billion Namibian dollars ($2.31 billion), according to central bank monetary and banking statistics seen by Reuters on Sunday.

The level of international reserves declined from 31.6 billion Namibian dollars ($2.56 billion) at the end of October, mainly due to exchange rate fluctuations and net commercial banks purchases of foreign currency, the Bank of Namibia said.