Namibian Dollar · NAD
$ symbol · 1 country currently using this currency.
Currency info
Adopted: 1993
Currency family: Dollar
The Namibian Dollar is pegged to the South African Rand at a 1:1 ratio as part of the Common Monetary Area, making it one of the few currencies with a permanent fixed exchange rate.
- Introduced on 14 September 1993, replacing the South African Rand at par value
- Namibia's central bank, the Bank of Namibia, was established to manage monetary policy
- The currency is subdivided into 100 cents
- Namibia maintained a fixed exchange rate with the South African Rand through the Common Monetary Area agreement
- Named after Namibia's landscape, the Namib Desert, reflecting national identity
