REPUBLIC OF NAMIBIA
N$8.00 WINDHOEK - 5 January 2022 No. 7720
No. 1 Bank of Namibia: Characteristics of the modified N$10.00 banknote to be issued by the Bank of Namibia 1
BANK OF NAMIBIA
No. 1 2022
CHARACTERISTICS OF THE MODIFIED N$10.00 BANKNOTE TO BE ISSUED
BY THE BANK OF NAMIBIA
On 1 June 2020, His Excellency, the President of the Republic of Namibia, Dr. Hage G. Geingob
appointed Mr. Johannes !Gawaxab as the new Governor of the Bank of Namibia.
In terms of section 40(2) of Bank of Namibia Act, 2020 (Act No. 1 of 2020) as amended, the Bank
of Namibia hereby publish the updated features of the modified N$10.00 banknote which will be
issued by the Bank of Namibia as of January 2022. The banknote has been approved by the Minister
of Finance under section 40(1) of the Bank of Namibia Act.
The change effected on the modified N$10.00 banknote denomination was necessitated by the
appointment of the new Governor. As is dictated in the currency industry, the signature of the
incumbent Governor should feature as part of the security features on banknotes. As such, the
modified N$10.00 banknote denomination will feature the new Governor’s signature.