The Agreement will thus further strengthen the economic relations between our two countries and specifically our two Central Banks. Ladies and gentlemen,  BIS central bankers’ speeches  1  This is indeed a first step in that the conversion of the currencies under this Agreement will be applicable only to the border towns of Oshikango and Santa Clara.
The possibility of extending the arrangement to other towns along the border will be investigated at a later stage. Further, we will continue to work hard under the SADC agenda to enhance the region’s payment system infrastructures, not only for smaller traders as we have done now under this Agreement but also for bigger traders.