• Market Watch

Next-gen coin set for August rollout

• 1 Day Ago

The Bank of Namibia (BoN) will start circulating the newly updated coin and note series in August, marking the first time ever since the introduction of the coins in 1993 that it has gone through a revamp.



“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,” BoN spokesperson, Kazembire Zemburuka, said following a launch event this week.



Explaining the rationale behind the launch, 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. This means our currency must evolve with cutting-edge security features to stay ahead of counterfeiters and safeguard public trust,” he said.



According to Zemburuka, 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.”



Outlining the features of the new coin series, the 10-cent coin 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,” Zemburuka said.



The 50-cent coin 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 coin honours the vibrancy of the retail sector, symbolised by the human connection in everyday trade through hands exchanging coins.



Lastly, the N$5 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.



“The Bank of Namibia has confirmed that the new currency series will officially enter circulation in August 2025, alongside the current series, to ensure a smooth and seamless transition. To support the public in recognising and adapting to the new features, the Bank will be conducting a comprehensive, countrywide awareness campaign,” he said.





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