Namibia new 10- and 20-dollar notes confirmed

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According to a media release dated 13 July 2012, the Bank of Namibia “has observed that the diamond shape feature on some of the N$ 10 and N$ 20 banknotes is cracking after multiple folding or handling.” These affected notes feature a large OVI (optically variable ink) diamond with latent image of the denomination. The higher denominations aren’t affected because they use different security features.

The bank laid the blame on the paper and placement of the OVI feature in the center of the note where it is subjected to the most folding. On 4 June 2013, the bank announced it improved the paper quality and shifted the placement of the OVI feature to avoid being folded. Beginning 17 June, the bank put a limited quantity of the new notes into public circulation for three months to determine if these changes solve the problem.

These notes are like the preceding issues, but with new date (2013) on back.

Anyone interested in buying one of these notes can contact the contributor by clicking the link below.

Courtesy of Phil Martin and Heinrich Lindner.