Namibian Dollars to USD Conversion
Historically, the NAD (Namibian Dollar) was introduced to replace the South African Rand (ZAR) in September 1993 which had been in use by the Namibians or the country since 1990. The NAD ( Namibian Dollar) replacing the rand is the national currency of Namibia. Though the economy of Namibia has achieved modest growth in recent years, the currency, NAD has depreciated a lot against the U.S. dollar (USD). The Namibian Dollar is administered by the nation’s central bank, the Bank of Namibia, in both coin and paper formats.
How Much Is Rand Per NAD
Although the Rand is no longer an official currency of Namibia but considered legal tender in Namibia. The Rand in Namibia can be exchanged for NAD at a rate of one ZAR per NAD. => 1:1 = NAD : ZAR
Denomination Of The NAD
As said earlier, the NAD administered by the Central Bank in Namibia is in both coin and paper formats. The NAD banknotes circulate in denominations of 10, 20, 50, 100, and 200 NAD. The NAD’s coins also circulate in denominations of 5, 10, and 50 cents which were first issued in December 1993.
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All the NAD notes have a portrait feature of Hendrik Witbooi, a revolutionary who fought for national independence against German rule in the late 1800s. The 10 and 20-dollar notes were redesigned to depict Sam Nujoma in March of 2012, following its independence.
The NAD’s coins ( 5, 10, and 50 cents) are made of steel and nickel alloy as well as 1 and 5 dollars each made of bronze and aluminum.
The Namibian Dollar (NAD) is estimated to be used by 2,587,344 people. It is also estimated that the NAD is the #8 strongest currency in Africa and #116 globally.
The currency code for the Namibian Dollar is “NAD” with the currency symbol for the Dollar being “$”. The ISO 4217 number for this currency is 516.
How Much Cost A NAD In Other Currencies
Currency Per NAD