1 NAD = 1 ZAR (fixed)
1 EUR = 14.474 NAD 100 NAD = 6.9087 EUR
1 CHF = 11.862 NAD 100 NAD = 8.4301 CHF
The Namibian Dollar (N $ or NAD) is the currency of Namibia and in 1993, three years after independence, is introduced. The Namibian dollar replaced the previously applicable in Namibia South African Rand (ZAR ) as the official currency. However applies between the two currencies, a 1:1 parity, so that the South African rand is still widely accepted as currency in Namibia ( though not vice versa; constitute except areas near the border ). Namibia is also a member of the Common Monetary Area.
In circulation since 1993 banknotes in denominations of 100, 50 and 10 Namibian dollars, coins in values of 5 and 1 Namibian dollar, and 50, 10 and 5 cents. In 1996 began a banknote worth 20, and since 2001 also in the value of 200 Namibian dollars. As a special legal coin also since 2010 N $ 10
- 3.1 banknotes before 2012
Dollars or Mark?
In planning the introduction of a new currency after independence (1990 ) the newly established Bank of Namibia initially shaped sample sentences, which were then submitted to the Ministry of Finance Windhoek. There was apparently not yet decided on the name for the new currency, the samples were carried out both in dollars and marks. The decision was then made in favor of the dollar.
The sample sets with a circulation of 1000 copies included four different coins: 1 Mark, 1 Dollar (both in cupro-nickel), 10 Mark and $ 10 (both in silver). On the front of the par- Mark coins sitting lion is shown, the dollar series shows a man of the tribe of the San with bow and arrow, to each of the declared value and the words " SAMPLE" / " ESSAI " come. The back of the 1- Mark- and one - dollar coins still shows the old coat of arms of Namibia between two ears, the words " NAMIBIA " and the year "1990 ". On the otherwise identically designed reverse of the 10 marrow and 10 - dollar coins can be found in place of the ears the name " INDEPENDENCE " (English " Independence ") and " INDEPENDENCE ".
Minted the coins are 1993, 1996, 1998, 2000 and 2002.
Especially on the occasion of Independence Day has released the Namibian central bank special coins.
- 5 years independence: N $ 1 in copper, N $ 10 in silver, N $ 100 in gold
- 10 years of independence: N $ 10 and N $ 20 in silver, N $ 2 in gold
To mark the 20th anniversary of the Bank of Namibia, two commemorative coins were introduced on 16 July 2010. The coin has been approved as legal tender with the value of N $ 10. It shows the portrait of the founder Sam Nujoma and on the back of the coat of arms of Namibia. Of these, five million pieces were minted.
A second commemorative coin with the pressure value of N $ 20 has been characterized as purely commemorative coin in a quantity of only 200. This is the anniversary logo of the Central Bank.
In addition, the following special coins were brought out:
- N $ 1 of cupra - nickel, N $ 10 made of silver, N $ 100 of gold on the occasion of the Miss Universe 1995 in Namibia
- N $ 10 made of silver and N $ 100 of gold on the occasion of the Olympic Games in 1994
On March 21, 2012 for 22 years of independence celebration, new banknotes were to the same values , but with increased security features and a new layout is presented. In particular, the 10 - and 20 - dollar banknotes were changed because they now bear the likeness of Founding President Sam Nujoma. The new banknotes came into circulation on May 15, 2012. On 3 June 2013, the Bank of Namibia announced that the 10 - and 20 - dollar note of the new series will be replaced by a new edition because of the destruction of the diamond shaped security feature in the folding and general premature aging of the bills. On June 12, 2013 it was announced that the issue will begin on 17 June 2013. In the improved spending, the security features have No. 1 ( diamond) and No. 2 ( stating " BON 10 " or " BON 20") switched places.
Banknotes before 2012
These banknotes have been in circulation since 1993 and 1996 respectively. They were replaced on 21 March 2012 by new banknotes were put into circulation on 15 May 2012, until further notice, however, retain their validity.
1 20 -dollar bill since 1996. 2200 dollar bill since 2001.