The Bank of Namibia is under scrutiny following a social media post referencing the term "Outere Dollar" in relation to the newly introduced N$1 coin. This term has sparked allegations of cultural insensitivity and tribalism.

A statement issued by Khoekhoegowab consultant Matthew ||Gowaseb expressed dismay at the bank’s use of the term "Outere," which he said carries historic and tribalist connotations.

According to ||Gowaseb, the term has been used in a derogatory context by some to demean others, and its usage by a national institution is offensive and promotes division.

The statement called on the Governor of the Bank of Namibia to issue a public apology, particularly to Khoekhoe-speaking Namibians. 

||Gowaseb also demanded that the Bank withdraw the Facebook post in question and that its officials undergo cultural and diversity training. 

He stated that the Bank of Namibia, as a public institution, has a duty to promote inclusivity and national unity and accused the institution of undermining the national motto, "One Namibia, One Nation".

The bank has since removed its caption from its social media platforms.

And on Sunday, the Bank of Namibia acknowledged the ongoing public debate and concerns raised over the interpretations of the motif on the new coin. 

The Bank stated that the N$1 coin was introduced to recognise Namibia's retail sector and symbolises economic exchange, commerce, and collective progress.

The Bank clarified that it does not officially endorse the term "Outere Dollar". 

According to the Bank, the term "Outere" is derived from Khoekhoegowab and loosely translates to "give me". 

The Bank stated that the coin has been referred to as such by members of the public, and its social media post aimed to reframe this perception by highlighting its broader meanings, including giving back, trading, and sustaining daily economic activities.

The Bank reiterated that the coin was intended to represent national economic strength and unity and rejected interpretations that portray it as a symbol of dependency or division. 

The institution stated that it respects Namibia's cultural and linguistic diversity and would not intentionally promote exclusion.