Africa: Why Namibia Must Ditch Its Currency Peg to South Africa

Africa: Why Namibia Must Ditch Its Currency Peg to South Africa

This week, The Bank of Namibia unveiled newly upgraded coins – the country’s first major redesign since independence – and introduced next-generation polymer banknotes. Branded under the theme ‘Our Currency, Our Heritage, Our Pride’, the new money represents progress: improved durability, enhanced security and a celebration of national identity. But beneath this symbolic leap forward…

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