Namibia to change the 10- and 20-dollar notes
The Central Bank of Namibia has announced that 10- and 20-namibia dollars with a modified design will be issued from 20 October 2015, according to The Namibian.
He said the removal of the security feature is in line with the bank's philosophy of continuous improvement and cost effectiveness through regular reviews of currency production.
Katoma said the other three security features - the water mark, the (relief) raised print and the security thread - will remain on the new notes.
The existing N$10 and N$20 notes will still remain in circulation with the new notes.
“We realised that we have too many security features on those low value notes,” Katoma said, adding that removing the diamond security feature saves the central bank money without compromising the security of the notes. - See more at: http://www.namibian.com.na/indexx.php?id=32488&page_type=story_detail&category_id=1#sthash.3qhIFQxl.dpuf
He said the removal of the security feature is in line with the bank's philosophy of continuous improvement and cost effectiveness through regular reviews of currency production.
Katoma said the other three security features - the water mark, the (relief) raised print and the security thread - will remain on the new notes.
The existing N$10 and N$20 notes will still remain in circulation with the new notes.
“We realised that we have too many security features on those low value notes,” Katoma said, adding that removing the diamond security feature saves the central bank money without compromising the security of the notes. - See more at: http://www.namibian.com.na/indexx.php?id=32488&page_type=story_detail&category_id=1#sthash.3qhIFQxl.dpuf
Making the announcement in Windhoek yesterday, Bank of Namibia's director of strategic communications and financial sector development Ndangi Katoma said the new bank notes will not have the diamond shape security feature which appears on the 2012 series and the improved 2013 versions.
He said the removal of the security feature is in line with the bank's philosophy of continuous improvement and cost effectiveness through regular reviews of currency production. Katoma said the other three security features - the water mark, the (relief) raised print and the security thread - will remain on the new notes. The existing N$10 and N$20 notes will still remain in circulation with the new notes.
“We realised that we have too many security features on those low value notes,” Katoma said, adding that removing the diamond security feature saves the central bank money without compromising the security of the notes.
Update 9-10-2015: the image below shows the differences between the old and new notes.
Update 21-10-2015: here is a picture of the new 10-dollar note. It looks... naked.
Update 23-10-2015: and here's the 20-dollar note.
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