Namibia The Namibian Dollar (NAD) is the official currency of Namibia, introduced in 1993 to replace the South African Rand (ZAR) after Namibia gained independence. The Bank of Namibia manages the currency, which is pegged at a 1:1 ratio with the South African Rand, meaning both currencies circulate interchangeably in Namibia. This arrangement helps stabilize Namibia?s economy, which relies heavily on mining, agriculture, and tourism. While the Namibian Dollar is the official currency, many businesses and financial institutions accept the South African Rand due to the historical economic ties between the two nations.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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