The Bank of Namibia was established in 1990[1] by the Bank of Namibia Act, 1990 (Act 8 of 1990).[2] The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar by authority that has been given to it under an Act of the Namibian Parliament. The head of the Bank of Namibia is the Governor of the Bank of Namibia.