The Bank of Namibia plans to launch an upgraded Namibian currency series in 2025. 

Central Bank Governor, Johannes !Gawaxab unveiled a modified N$100 note in Luderitz, announcing at the same time that the bank will undertake a minor upgrade on the current banknote series and a complete upgrade of the coin series.

The first Namibian banknotes and coin series were issued in 1993 and are now 30 years old. 

In May 2012, the Bank issued the second family of banknotes with state-of-the-art security features, which are currently in circulation. 

However, the coins have not been upgraded since they were issued in 1993. 

Central Bank Governor Johannes !Gawaxab stated that international best practice dictates that central banks should review their currency at intervals of between six and eight years with the aim of ensuring that demand for banknotes is well aligned with economic activities and addressing weaknesses and challenges associated with the management of notes and coins in circulation.