WINDHOEK - Namibian President Nangolo Mbumba unveiled the Hage Geingob commemorative banknote on Wednesday at a launch event in Windhoek, the country's capital.

The note was launched in honor of the late former president's exceptional contributions to the country. Geingob passed away on Feb. 4, 2024, while receiving cancer treatment.

Mbumba, in his keynote address, commended the late president, noting that he was a "nation builder."

The note cements his vision and contributions to Namibia, with the unique banknote serving as a lasting tribute to his impact on the nation, he said.

The 60-Namibian-dollar note, which is a collector's item and a one-off print, will be used as legal tender.

Bank of Namibia Governor Johannes Gawaxab explained that 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," he added.

Gawaxab also said the central bank will introduce a new series of banknotes and coins in June. "This series will incorporate the latest security features while ensuring our banknotes and coins remain modern, resilient, and secure."

In 2020, to celebrate Namibia's 30th anniversary of independence, the Bank of Namibia issued its first-ever commemorative banknote, the 30 Namibian dollar note, printed on a polymer substrate for added durability. This note features the faces of Namibian founding President Sam Nujoma, former President Hifikepunye Pohamba, and Geingob, symbolizing the smooth transfer of power and the legacy of peace, stability, and progress.