Financial turbulence in USA and Europe have no effect on Namibia

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The Namibian banking institutions have solid financial buffers to withstand risks from internal and external shocks.

The Bank of Namibia gave this assurance following financial turbulences in banking institutions in the United States and Europe.

Namibia's financial system remains uninterrupted

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Namibia's financial system will continue uninterrupted, despite the greylisting of South Africa.

This assurance is given by the Bank of Namibia, following the rating of South Africa by the Financial Action Task Force (FATF).