Director of Ceremonies Your Excellency Our notes do not only contain state of the art security features, but they also honour Namibian heroes. Kaptain Hendrik Witbooi will forever remain one of our martyrs, a hero who fought fearlessly against the occupation of our mother land.
Such a mechanism should ensure that, in the event of a bank encountering difficulties, it is, first and foremost, the owners and creditors who are liable for their investment decisions, followed by a fund supported by the banks, and only then – in exceptional cases – the taxpayer, with mutualised liability being possible only in the case of jointly supervised institutions.