The Bank of Namibia has unveiled a N$60 banknote in honor of former president Hage Geingob, marking 60 years of his service to Namibia. The note will enter circulation in two weeks, with initiatives to inform the public, and it will serve as legal tender, though in limited quantity as a collector’s item.
The Bank of Namibia has launched a new N$60 banknote to honor former President Hage Geingob. At the launch event, governor of the Bank of Namibia Johannes !Gawaxab stated that the denomination is significant, representing Geingob’s 60 years dedicated to serving Namibia. This new note will enter circulation in two weeks, coinciding with public awareness initiatives planned by the bank.
Upon its release, the N$60 banknote will function as legal tender. However, the Bank of Namibia will limit its issuance, making it a collector’s item. This approach emphasizes the balance between commemorating Geingob’s legacy and managing the note’s availability in the market.
The introduction of the N$60 banknote by the Bank of Namibia signifies a tribute to Hage Geingob’s extensive service to the nation. With its planned circulation and limited availability, it not only serves as legal tender but also as a collectible piece honoring a prominent figure in Namibian history.
Original Source: www.namibian.com.na
