Bank Windhoek has announced that commencing Monday, 19 February 2018, all its branches countrywide will start buying and selling Chinese yuan (CNY) notes.
Yuan notes will be traded in addition to the current range of foreign currency notes which are exchanged at 0% commission.
Bank Windhoek said it will accept denominations of 10, 20, 50 and 100 CNY at its branches.
When travelling overseas it is necessary to carry cash for incidentals like taxi fares, tips or shopping at local street markets, said the bank.
“Bank Windhoek’s business clients also have one less thing to worry about by buying their foreign notes at 0% commission,” said Windsor Markus, Head: Treasury Sales, at Bank Windhoek.
He added, “They can rather focus on their business and not have to shop around for the lowest charges when banking their foreign exchange.”
Travelers can purchase their foreign exchange up to 60 days prior to departure.
“Our team of forex experts will be ready to advise you on all foreign exchange related matters and ensure you receive the best exchange rates possible, whether buying or selling,” Markus concluded.