By the way: under the critical eyes of today’s international financial markets, no central bank in the world can afford to neglect exchange rate movements. It is, however, an entirely different matter to go beyond today’s problem-oriented cooperation in international bodies, as is being sought in proposals to establish a more formalised exchange rate regime based, for instance, on target zones.
He said: “In accepting the sacred responsibility which the Namibian people have placed on me as the first President of the Republic of Namibia, I would like to bow and pay homage to our fallen heroes and heroines, whose names Namibia’s present and future generations will sing in songs of praise and whose martyrdom they will intone”.