ipumbu shiimi : currency conversion agreement between bank of namibia and national bank of angola remarks by mr ipumbu shiimi, governor of the bank of namibia, at the signing ceremony “ currency conversion agreement between bank of namibia and national bank of angola ”, santa clara, 22 september 2014. * * * director of ceremonies ms rosa pacavia, minister of trade dr jose de lima massano, governor of banco nacional de angola mr antonio didalelwa, governor of the province of cunene mr usko nghaamwa, governor of the ohangwena region mr antonio tiago gomes, executive secretary of the angolan chamber of commerce ; mr tomas indjii, chairperson of the namibia chamber of commerce : ongwediva branch distinguished invited guests members of the media ladies and gentlemen, bondia it is a pleasure to address you today at this important occasion of the signing of the currency conversion agreement between the bank of namibia and banco nacional de angola. this heralds a significant milestone in the creation of an enabling business environment for namibia and angola and is among the many steps we need to take towards winning the economic struggle and achieve prosperity for our two countries. ladies and gentlemen, to contextualise this signing ceremony, we need to reflect on our history. namibia and angola are much more than just mere geographical neighbours. these two nations share a long history and common heritage that cannot be severed. during namibia ’ s long and stretched out liberation struggle for independence, angola became the refuge for many namibians and served as the strategic military base from which to fight the war. after namibia gained independence ; namibia in turn supported the government of angola during their civil war and provided a home for angolans seeking refuge. this support to each other in times of need has created a strong bond that it is cemented by blood. since then, both countries have emerged from bitter wars. with the return of peace to both countries, we are vigorously pursuing the second phase of the struggle, the economic emancipation of our citizens. hence the need to create the necessary platforms, including payment system infrastructures, that will enhance trade among the people of our two countries. against this background, this agreement will allow for the conversion of the national currencies of the republic of angola and the republic of namibia with the aim to stimulate trade between the two countries. this means the kwanza and the namibia dollar will now be acceptable on both sides of the borders. the agreement will thus further strengthen the

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