Legal Tender

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Namibia

Bank of Namibia to Unveil Commemorative Note For Geingob

  The Bank of Namibia will launch the Dr. Hage Gottfried Geingob Commemorative Banknote on February 10, to honor the late former President’s exceptional contributions to the nation. In accordance with Section 38 (1) of the Bank of Namibia Act 2020, the Bank holds exclusive rights to issue legal tender, including commemorative banknotes. The regulator's Josefina Oskar:  

today22 January, 2025

Africa

Zimbabwe adopts ZiG currency as sole legal tender

Zimbabwe’s ruling party has passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US dollars. Bloomberg reports that under the country’s current laws, the US currency will remain legal tender until 2030. President Emmerson Mnangagwa has previously suggested this timeline may be brought forward.

today29 October, 2024