Trade between Namibia, China to be conducted in local currencies of the two countries

Trade between Namibia, China to be conducted in local currencies of the two countries

Negotiations of capital projects between Namibia and China are done in the local currencies of the two countries.
President Hage Geingob, in an interview with the China Global Television Network, said the preference for negotiations in the Namibia dollar and Chinese Yuan, is to avoid fluctuation and overpricing of capital projects when denominated in the US dollar.