About the Namibian Dollar
The Namibian Dollar was introduced in 1993, replacing the South African Rand as the official currency, although the Rand remains legal tender and is pegged 1:1 to the Dollar.
The name 'Dollar' was chosen to reflect the currency's peg to the South African Rand, which itself has historical ties to the US Dollar.
Interesting Facts
Pegged to the Rand
The Namibian Dollar is pegged 1:1 to the South African Rand, and the Rand is also legal tender in Namibia, simplifying trade and travel between the two countries.
Sam Nujoma on Notes
All Namibian banknotes feature a portrait of Dr. Sam Nujoma, the founding father and first President of Namibia.
Mining and Tourism
Namibia's economy, and thus the Dollar's value, is heavily influenced by diamond and uranium mining, as well as its growing tourism sector.
Historical Timeline
Namibia gains independence from South Africa.
The Namibian Dollar is introduced.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- NAD
- Symbol
- N$
- Numeric Code
- 516
- Subunit
- Cent (1/100)
- Introduced
- 1993-09-15
Central Bank
- Name
- Bank of Namibia
- Headquarters
- Windhoek, Namibia
- Founded
- 1990
- Current Governor
- Johannes !Gawaxab (since 2020)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 5.3%
- Interest Rate
- 7.75%
Exchange Rates
What Affects the NAD Exchange Rate?
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