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!Gawaxab hails Namibia's success story - Truth, for its own sake.


!Gawaxab hails Namibia’s success story
2021-04-06 
As Namibia marked 31 years of independence, Bank of Namibia governor Johannes !Gawaxab addressed a public lecture under the topic: ‘How does Namibia stack up? – our own story’. 
The public lecture narrated Namibia’s success story through the lens of three decades of independence and self-rule, underscored by global accredited rankings on major governance and development indices and socio-economic indicators achieved to date. 
The public lecture was held on Friday, 26 March 2021, at the University of Namibia’s Oshakati campus as part of the governor’s series of stakeholder engagements. 
Reflecting on some of the country’s socio-economic growth indicators since 1990 to 2020, !Gawaxab indicated that Namibia now boasts a real GDP of N$134 billion, compared to N$50 billion at independence.  ....

Mo Ibrahim Foundation Good Governance Index , World Economic Forum Competitiveness , University Of Namibia Oshakati , Namibia Financial Inclusion Survey , Human Development Index , Saharan African , World Economic Forum Competitiveness Report , Logistics Performance Indicators , Sahara African , Common Monetary Area , Harambee Prosperity Plan , மோ இப்ராஹிம் அடித்தளம் நல்ல ஆளுகை குறியீட்டு , உலகம் பொருளாதார மன்றம் போட்டித்திறன் , நமீபியா நிதி சேர்த்தல் கணக்கெடுப்பு , மனிதன் வளர்ச்சி குறியீட்டு , உலகம் பொருளாதார மன்றம் போட்டித்திறன் அறிக்கை , பொதுவானது பண பரப்பளவு , ஹராம்பீ ப்ராஸ்பெரிடீ திட்டம் ,

Exchange control relaxation: removal of loop


On 4 January 2021 the Financial Surveillance Department of the South African Reserve Bank (FinSurv) issued a circular on the removal of the so-called “loop” prohibitions contained in the Currency and Exchanges Manual for Authorised Dealers (the Manual), wherein are set out the approved practices as set out by for use Authorised Dealers, i.e. the commercial banks.
At the outset, it must be noted that (a) the basis of what is allowed or not allowed under the Manual is what is contained in the Exchange Control Regulations, 1961, and the discretions given to FinSurv and the Minister thereunder, but nowhere in those regulations does one find the word “loop”, or any prohibition against such a “loop”. This is entirely an interpretation of the prohibition in regulation 10(1)(c) of those regulations (the Regulation) that a South African resident may not, without approval, export capital or the right to capital from South Africa. ....

South Africa , South African , Exchange Control Regulations , Financial Surveillance Department , South African Reserve Bank , Exchanges Manual , Authorised Dealers , Income Tax Act , Authorised Dealer , Common Monetary Area , பரிமாற்றம் கட்டுப்பாடு ஒழுங்குமுறைகள் , நிதி கண்காணிப்பு துறை , பரிமாற்றங்கள் கையேடு , அங்கீகாரம் பெற்றது விநியோகஸ்தர் , வருமானம் வரி நாடகம் , அங்கீகாரம் பெற்றது வியாபாரி , பொதுவானது பண பரப்பளவு ,