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Namibian dollar

The Namibia dollar (symbol: $ or N$; code: NAD) has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign ($), or alternatively N$ to distinguish it from other currencies called ???dollar.??? It is divided into 100 cents. History The dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa from 1920 until 1990, at par. The rand is still legal tender, as the Namibian dollar is linked to the South African rand and can be exchanged on a one-to-one basis locally. Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993. In the beginning, alternative names for the Namibian dollar were suggested, including Namibian kalahar, referencing the Kalahari Desert in the east of Namibia, but...

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wikidata.org 0 views · 2024-12-26 19:38:16