The total value of Namibian currency in circulation has surged from N$200 million in 1993 to over N$5 billion by 30 June 2025, reflecting a 2,400% increase over the past 35 years, according to the Bank of Namibia (BoN).
BoN Governor Johannes !Gawaxab said the launch of the upgraded banknotes and redesigned coin series, unveiled during the Bank’s 35th anniversary, marks a historic moment.
“This marks a historic moment in our journey as the monetary authority of Namibia. We unveil a new era of upgraded banknotes and coins, whilst marking the 35th anniversary of the Bank of Namibia,” !Gawaxab said.
The new coins, set for release in August 2025 according to BoN, are smaller, lighter, and designed to last longer.
They feature images representing five key economic sectors: agriculture, manufacturing, tourism, retail, and mining.
According to the BoN, the 10 cent coin shows mahangu, the 20 cent depicts renewable energy, the 50 cent features Sossusvlei landscapes, the N$1 displays a coin exchange symbolising retail, and the N$5 shows diamonds to represent mining.
“Currency is more than a medium of exchange. It is a declaration of confidence. A statement of sovereignty,” !Gawaxab said.
The upgraded banknotes include enhanced security features, tactile markings for the visually impaired, and new composite materials for the N$10 and N$20 notes to improve durability while keeping a paper feel. The notes continue to feature portraits of founding President Sam Nujoma and Kaptein Hendrik Witbooi, alongside wildlife images on the reverse.
President Netumbo Nandi-Ndaitwah said the new currency series is a statement of national pride and economic confidence.
“When the Namibia Dollar was first launched in 1993, it marked a defining moment in our journey towards self-determination and the assertion of our own distinct national identity. The launch of this new series is not just a matter of updating our money; it is a statement of confidence in our economy and a reaffirmation of our sovereignty,” she said.
“Our currency is not merely an instrument of trade; it is a living symbol of our unity, resilience and aspirations.”
