06
Oct
Allexer Namundjembo The Bank of Namibia (BoN) has warned that damaging or destroying Namibian currency is a criminal offence that can result in jail time or a heavy fine. The warning follows a viral social media video showing the newly launched N$5 coin destroyed. In a statement issued on Saturday, BoN said damaging or defacing legal tender is illegal under section 80(3)(a) of the Bank of Namibia Act and is punishable by a fine of up to N$50 000 or imprisonment of up to three years. “The currency must be treated with care. It is not only a medium of…
