The Bank of Namibia has launched a N$60 banknote to commemorate former President Hage Geingob, symbolizing his 60 years of service. The note will enter circulation within two weeks and will serve as legal tender while being released in limited quantities for collectors.
The Bank of Namibia has unveiled a N$60 banknote to honor former President Hage Geingob. This initiative was announced during a launch event on Wednesday, where Bank of Namibia Governor Johannes !Gawaxab explained the significance of the number 60, symbolizing Geingob’s dedicated 60 years of service to Namibia.
The new banknote will be released into circulation in two weeks. This period will allow the bank to conduct public awareness campaigns regarding its introduction. Upon its release, the N$60 note will be recognized as legal tender; however, it will be produced in limited quantities, designating it a collector’s item.
The introduction of the N$60 banknote by the Bank of Namibia is a tribute to the exceptional service of former President Hage Geingob. With its symbolic significance and limited issuance, the note serves both as legal currency and a collector’s item, further enriching the country’s monetary heritage.
Original Source: www.namibian.com.na
