Improved notes released soon

The Governor of the Bank of Namibia, Ipumbu Shiimi. (Photograph by Lorato Khobetsi)The Bank of Namibia this week announced that it will soon put into circulation the new and improved  10 and 20 Namibia Dollar notes after it was discovered that previous notes were printed on a weaker type of paper which caused it to age faster.
Speaking at a press conference, the Governor of the Bank of Namibia, Ipumbu Shiimi, said that after the central bank issued the new series of bank notes in May last year, it was noticed that the 10 and 20 Dollar notes were showing signs of faster wear and tear.
“We, together with currency experts went out to try and get to the bottom of the problem. After investigations, it was found that there was a weakness in the paper that was used to produce the 10 and 20 Dollar notes and not the other notes,” he said.