STAFF WRITER
The Bank of Namibia on Wednesday launched a new series of bank notes and coinage coinciding with the bank’s 35 year anniversary.
A statement released by the central bank’s Director of Strategic Communication and International Relations Kazembire Zemburuka said the introduction of the new currency series is driven by a bold objective to modernise Namibia’s currency in line with international standards, while reinforcing its national identity and purpose.
“This upgrade is not merely aesthetic; it reinforces the security, functionality and integrity of our currency, ensuring it remains a trusted means of exchange while embodying the nation’s ambitions, values, resilience and aspirations in a rapidly changing, technologically driven world,” he said.
He added that, “This means our currency must
evolve with cutting-edge security features to stay ahead of counterfeiters and safeguard public trust.”
Zemburuka said the newly introduced second-generation coinage series, the first complete redesign since the Namibia Dollar’s introduction in 1993, will enter circulation in August 2025.
“The coins are lighter, smaller, and more durable, making everyday transactions easier and more efficient. Instead of depicting Namibia’s fauna and flora, the new coins now symbolically represent the five key sectors that anchor Namibia’s economy,” he said.
He said the sectors inscribed on the new notes and coins were selected for their substantial contributions to national Gross Domestic Product (GDP) and their pivotal roles in driving economic growth and development.
The new 10 cent coin now features the pearl millet or mahangu, symbolising Namibia’s agricultural backbone and its vital contribution to food security.
The 20 cent coin is a new coin introduced to bridge the gap between the 10c and 50c coin denominations.
“ It celebrates the manufacturing sector through the lens of renewable energy, reflecting Namibia’s commitment to sustainable development and environmental stewardship,” he said.
The 50 cent coin now depicts the breathtaking landscapes of Sossusvlei and Deadvlei, a proud tribute to Namibia’s tourism sector and its role in shaping the
nation’s natural heritage and sharing it with the world.
The N$1.00 coin honours the vibrancy of the retail sector, symbolised by the human connection in everyday trade through hands exchanging coins,Zemburuka said.
He added that the N$5.00-coin features both polished and rough diamonds, representing the mining sector’s enduring contribution to the national economy and its global stature in the diamond industry.
“In reimagining the third-generation banknotes, the Bank of Namibia has harmonised innovation with continuity. The upgraded banknotes feature a refined, modern aesthetic with richer colours, cleaner lines, and enhanced security features that provide robust
protection against counterfeiting.
“ A notable advancement is the introduction of a high-tech composite substrate, the material on which the banknotes are printed for the N$10.00 and N$20.00 denominations, combining the durability of polymer with the familiar feel of paper that Namibians are used to, ensuring greater longevity and
resilience,” Zemburuka said.
The apex bank spokesperson said the designs remain deeply rooted in national heritage, continue to honor
the revered figures of the first President Sam Nujoma, and Kaptein Hendrik Witbooi.
The reverse side of the banknotes continues to celebrate Namibia’s iconic wildlife, reflecting the country’s natural wealth and enduring beauty, Zemburuka added.
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