#JustIn: Banking liquidity decreases

The overall liquidity position of the banking industry decreased at the end of September 2023, the Bank of Namibia said. The industry’s cash balances averaged N$7.3 billion in September 2023, in comparison to the N$8.8 billion reported in August 2023. This depicts a month-on-month decrease of N$1.5 billion attributed to a lower government spending, lower diamond sales and more cash being placed in the central bank bill.

#MarketWatch Online #NMHNews