NAD (Namibian Dollar)
Contents
Unraveling the Namibian Dollar: A Comprehensive Guide to NAD
Introduction to the Namibian Dollar
Discover the history, significance, and current status of the Namibian Dollar (NAD) as the national currency of Namibia, replacing the South African Rand (ZAR) in 1993.
Key Insights:
- Transition from the South African Rand: Explore the process and implications of Namibia's transition from the South African Rand to the Namibian Dollar as its official currency.
- Value and Exchange Rate: Understand the value and exchange rate dynamics of the NAD, including its pegged rate to the South African Rand and its performance against major international currencies.
- Banknotes and Coins: Learn about the design, denominations, and historical figures featured on Namibia's banknotes and coins, issued by the Bank of Namibia.
Understanding the Namibian Dollar
Administration and Circulation
Gain insights into the administration and circulation of the Namibian Dollar by the Bank of Namibia, including its issuance in both coin and paper formats since 1993.
Design and Features
Explore the design features of Namibia's banknotes, including portraits of historical figures such as Hendrik Witbooi and Sam Nujoma, reflecting the nation's struggle for independence and cultural heritage.
History and Performance of the Namibian Dollar
Evolution of Currency in Namibia
Trace the historical evolution of Namibia's currency, from the initial proposals for the "kalahar" to the adoption of the Namibian Dollar as the official legal tender.