Namibia dollar to remain pegged to South African Rand

Namibia dollar to remain pegged to South African Rand

President Hage Geingob says there is no reason to delink Namibia's currency from the South African Rand at the moment.
Calls have been made from various quarters of society to delink the Namibian dollar from the South African rand because of economic instability experienced by the country's southern neighbour.
The rand has plunged to new lows, following South Africa's downgrading to junk status.