22 April 2021 | Wirtschaft

N$200 banknote a key counterfeiting target

The total number of counterfeit banknotes should not exceed 10 pieces per million banknotes in circulation.

At this point, the bank is not concerned by the number of counterfeits, given their poor quality, which is also below the threshold. Bank of Namibia (BoN)

PHILLEPUS UUSIKU

In the last five years, 2019 recorded the highest detections of banknotes counterfeits, recording a total of 660 pieces of which 247 were N$200 denominations, according to the Bank of Namibia (BoN) annual report.

Overall, a decline in the number of counterfeit banknotes was detected in the year 2020 compared to 2019. As of 31 December 2020, the total number of counterfeit banknotes detected was 364 pieces, a decrease of 296 pieces or 44.85% when compared to the 2019 figures. All the 364 counterfeit pieces detected in 2020 were valued at N$48 960.

There were no counterfeits detected from the old series banknotes for the year 2020. For the new series, in 2020, 199 counterfeit pieces of N$200 banknotes were detected, BoN said.

The N$50 banknote recorded 59 counterfeit pieces, followed by the N$100, N$20 and N$10 banknotes, each recording 54,29 and 23 counterfeit pieces, respectively.

Security

The central bank provides the public with secure banknotes, the cutting-edge security features which render them easy to identify and difficult to counterfeit.

“At this point, the bank is not concerned by the number of counterfeits, given their poor quality, which is also below the threshold,” BoN said.

In terms of the bank’s threshold, the total number of counterfeit banknotes should not exceed 10 pieces per million banknotes in circulation. The international threshold is 70 counterfeit banknotes per million banknotes in circulation, the central bank pointed out.

The total value of the currency in circulation amounted to N$4.7 billion in 2020 of which N$4.5 billion are banknotes while the remaining N$252.3 million are coins.

Gleiche Nachricht

 

More than N$10 bn in debt holidays

vor 2 tagen - 05 Mai 2021 | Wirtschaft

Jo-Maré Duddy – Commercials banks last year granted clients severely impacted by the Covid-19 pandemic debt relief to the tune of N$10.3 billion in total.About...

Fischerei wichtiger Wirtschaftsfaktor

1 woche her - 30 April 2021 | Wirtschaft

Windhoek (NAMPA/km) - Der neu ernannte Fischereiminister Derek Klazen hat mitgeteilt, dass Fischer im Norden im vergangenen Jahr etwa 2 000 Tonnen Fisch aus den...

Tarife werden nicht erhöht

1 woche her - 30 April 2021 | Wirtschaft

Von Erwin Leuschner, Swakopmund„Mit diesem Haushalt, den ich heute präsentiere, ist sich der Stadtrat den wirtschaftlichen Umständen in unserem Land, der vielen Bürgern Schwierigkeiten bereitet...

Namibia erkundet neue Märkte

1 woche her - 30 April 2021 | Landwirtschaft

Windhoek (Nampa/sb) - Der namibische Fleischexporteur Meatco hat angekündigt, dass Namibia neue Absatzgebiete in West- und Zentralafrika erkunde, um wettbewerbsfähige und nachhaltige Märkte für Rindfleisch...

Landwirtschaft will Nutzen aus Verbuschung ziehen

vor 2 wochen - 23 April 2021 | Landwirtschaft

Windhoek (km) - Gestern wurden zwei Anwendungen zur Nutzung von invasivem Buschland in der Landwirtschaft aus der Taufe gehoben. Es handelt sich um ein Programm,...

N$200 banknote a key counterfeiting target

vor 2 wochen - 22 April 2021 | Wirtschaft

PHILLEPUS UUSIKUIn the last five years, 2019 recorded the highest detections of banknotes counterfeits, recording a total of 660 pieces of which 247 were N$200...

MKS nun „unter Kontrolle“

vor 2 wochen - 22 April 2021 | Landwirtschaft

Windhoek (NMH/sb) - Alle Transportbeschränkungen für Klauentiere sowie daraus hergestellte Produkte wurden mit sofortiger Wirkung aufgehoben. Das gab das Landwirtschaftsministerium in dieser Woche schriftlich bekannt....

‘Billions of dollars circulating in the economy’

vor 2 wochen - 21 April 2021 | Wirtschaft

PHILLEPUS UUSIKUThe total value of the currency in circulation increased from N$4.5 billion in 2019 to N$4.7 billion in 2020, an increase of 4.3%, according...

Namibia exports millions worth of charcoal

vor 2 wochen - 20 April 2021 | Wirtschaft

American Ambassador to Namibia, Lisa Johnson joined industrialisation and trade deputy minister, Verna Sinimbo on Friday to send off a consignment of Namibian charcoal to...

Wertschöpfung: Farmer erhalten Schulung

vor 2 wochen - 20 April 2021 | Wirtschaft

Windhoek/Outapi (Nampa/sb) • Die deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) führte im Rahmen ihres Projekts „Farming for Resilince (F4R)“vergangene Woche in Outapi in der Omusati-Region...