Foreign exchange reserves excluding gold reached 2.43 USD bil in 2017 in Namibia, according to the National Statistical Office. This is 32.6 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Namibia reached an all time high of 2.43 USD bil in 2017 and an all time low of 0.050 USD bil in 1992. When compared to Namibia's main peers, foreign exchange reserves excluding gold in Angola amounted to 17.5 USD bil, 7.49 USD bil in Botswana, 45.5 USD bil in South Africa and 0.292 USD bil in Zimbabwe in 2017.
Namibia has been ranked 106th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 23 places above the position seen 10 years ago.
FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.