More articles in this category
Top Stories

 Incensed previously disadvantaged farmers have said they are angry with the finance minister, Calle Schlettwein, for showing false support i...

Illegal squatters currently set up in the Khorixas' Donkerhoek informal settlment are allegedly selling off plots illegally to job seekers loo...

Environment minister Pohamba Shifeta has with immediate effect set aside the granting of an environment clearance certificate to Namibia Marine Ph...

Namibian Police chief, Sebastian Ndeitunga has said that the crime in Oshikoto region is manageable after it recorded 3 809 criminal case bet...

The Meat Corporation of Namibia (Meatco) is to reinstate 15 % Value Added Tax (VAT) on all cattle transactions at the Windhoek abattoir until an i...

The tale tell signs are beginning to take a grip and it seems the honeymoon is after all over for the Namibian dollar as the Rand lost its gains t...

Other Articles from The Villager

Bank Windhoek to trade Chinese Yuan

by Staff Writer

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.