The Bank of Namibia announced the replacement of the N$10 and N$20 bankotes with improved notes that do not crack after multiple folding, do not age fast and featuring improved security features.

BoN governor Johannes !Gawaxab emphasised the N$60 banknote is more than just currency. "It is a symbol of Namibia's history and the remarkable leadership of Dr Hage G Geingob.

Namibia’s central bank sees benefits to keeping its peg with South Africa’s rand and won’t abandon the currency union, Assistant Governor Michael Mukete said.

Namibia is growing tired of the economic pain caused by the volatile South African rand and is considering ending a 25-year-old peg to the currency of its larger neighbor.