NAD

Namibian Dollar

NAD is the official currency of Namibia. It is issued by the Bank of Namibia and is subdivided into 100 cents.

The dollar was introduced in 1993, replacing the South African rand, which remains legal tender. The Namibian dollar is pegged 1:1 with the rand through the Common Monetary Area. In 2020, a commemorative N$30 polymer note was issued for the 30th anniversary of independence.

Related Terms

ZAR

South African Rand

ZAR is the official currency of South Africa and is also legal tender in neighboring countries Namib...

BWP

Botswana Pula

BWP is the official currency of Botswana. It is issued by the Bank of Botswana and is subdivided int...

LSL

Lesotho Loti

LSL is the official currency of Lesotho. It is issued by the Central Bank of Lesotho and is subdivid...

SZL

Swazi Lilangeni

SZL is the official currency of Eswatini (formerly Swaziland). It is issued by the Central Bank of E...

Bank of Namibia

Bank of Namibia is Namibia's central bank. It sets monetary policy, issues the NAD, and supports fin...

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