President Nangolo Mbumba this morning officially unveiled the new N$60 Dr. Hage G Geingob commemorative bank note.
The commemorative banknote will enter into circulation this month, the central bank said at the unveiling.
Governor of the Bank of Namibia, Johannes !Gawaxab said that It is within this spirit of national recognition that, in February 2024, the Bank of Namibia made a defining decision as a national imperative to honour Dr Hage G. Geingob. While commemorative in nature, the issuance of this banknote aligns with the Bank’s mandate under Section 38(1) of the Bank of Namibia Act, 2020, reaffirming its role in safeguarding national identity through currency.
“Today, the Bank of Namibia proudly introduces the ‘Dr Hage G. Geingob N$60.00 commemorative banknote’ as part of the stellar tradition of issuing high-quality banknotes and coins in which the Namibian public has trust and confidence. Issuing the 60 Namibia dollar banknote may prompt inquiries regarding its significance. The explanation underscoring the denomination of 60 is straightforward: Dr Geingob devoted 60 years of his life to the selfless service of this nation, encompassing his time in exile, his return, and his leadership in an independent Namibia. Thus, the number 60 carries profound symbolic meaning, reflecting his extensive commitment to the country throughout these decades. Today, we celebrate not just a currency but a piece of history – one that will soon be revealed by His Excellency President Mbumba in its full splendour.
“Upon release, the N$60.00 commemorative banknote will serve as legal tender and a cherished collector’s item. It will co-circulate with all other Namibian banknotes, further embedding its significance into the nation’s daily transactions. We expect the note to enter into circulation this month. The period between today’s launch and the issuance will provide an opportunity to undertake a comprehensive public awareness campaign to ensure every Namibian understands its features and security elements,” further said the Governor.