Staff Reporter
THE Bank of Namibia has formally launched the Dr Hage G. Geingob N$60.00 Commemorative Banknote.
“Issuing the 60 Namibian dollar banknote may prompt inquiries regarding its significance. The explanation behind the denomination of 60 is straightforward: Dr Geingob devoted 60 years of his life to the selfless service of this nation, encompassing his time in exile, his return, and his leadership in an independent Namibia. Thus, the number 60 carries profound symbolic meaning, reflecting his extensive commitment to the country throughout these decades,” Johannes !Gawaxab, the Governor of the Bank of Namibia, defined.
He went on to spotlight that, whereas the banknote is commemorative, its issuance is consistent with the Bank’s mandate below Section 38(1) of the Bank of Namibia Act, 2020, reinforcing the Bank’s position in preserving nationwide id by way of foreign money.
“Upon release, the N$60.00 commemorative banknote will serve as legal tender and a cherished collector’s item. It will co-circulate with all other Namibian banknotes, further embedding its significance into the nation’s daily transactions. We expect the note to enter circulation this month. The period between today’s launch and the issuance will provide an opportunity to undertake a comprehensive public awareness campaign to ensure every Namibian understands its features and security elements,” the governor added.
He emphasised {that a} nation’s foreign money is greater than only a technique of cost; it’s, as he put it, a declaration of sovereignty, a marker of id, and a mirrored image of historical past. The new banknote, he defined, is due to this fact meant to completely commemorate the legacy of the late Dr Geingob.
“From the dawn of our nation, he helped shape our fate. As a teacher and a leader, he was a strong voice against the subjugation of one man over another. Through sixty bold years, his service to this nation stood tall. From classrooms in Tsumeb to UN halls, and academic corridors in Lusaka, he answered the call. He steered our foundation, our Constitution, our decree, A statesman of vision, steadfast and free. He walked with the people, their struggles he knew. Many a townhall meeting can attest he wanted to know. He saw our tomorrow beyond yesterday. So, it is proper to honour him with a banknote. His story is noteworthy, worth telling, worth immortalising,” !Gawaxab added.