02
Apr
Allexer Namundjembo Refusing to accept the five-cent coin as payment is illegal, the Bank of Namibia has warned. This follows complaints from consumers about retailers rejecting the small denomination. Sencia Kaizemi-Rukata, director of banking services at the BoN, confirmed that the five-cent coin remains legal tender despite no longer being minted since 2018. “The five-cent coin is still legal tender. Retailers are obligated to accept it as a means of payment. The fact that we no longer mint the coin does not alter its legal standing,” she said. The central bank stopped producing the coin in 2018 due to the…