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. WitrynaThe South African Rand is the only currency of the continent that is used in four countries officially. Introduced in the year 1961 by the colonial government the South African Rand replaced the South African Pound and was one of the most valuable currencies used across the world.
Convert South African Rand to Namibian Dollar ZAR to …
WitrynaThe South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. Witryna19 paź 2024 · The Namibian Dollar (NAD) is the national currency of Namibia. It was introduced in 1993, replacing the country's use of the South African Rand (ZAR), … linkclump chrome extension
NAD (Namibian Dollar) Definition - Investopedia
Witryna14 kwi 2024 · Latest Currency Exchange Rates: 1 Namibian Dollar = 0.9794 South African Rand On this page convert NAD to ZAR using live currency rates as of … WitrynaLesotho 1 Namibia South Africa Swaziland CMA Total Botswana 2 Economic Indicators: Nominal GDP (millions of US dollars) 3 1,348 5,721 214,989 2,351 224,410 9,064 ... CMA constitutes an optimal currency area (Cobham and Robson, 1994; Van der Merwe, 1996; Metzger, 2004; and Masson and Pattillo, 2005). The latter strand of … Witrynashort form: Namibia formerly: German Southwest Africa, South West Africa (SWA) ISO Country Code: NA, NAM Time: Local Time = UTC +1 in Summer (September to April) +2h Actual Time: Sun-Mar-19 19:10 Country Calling Code: +264 Capital City: Windhoek (pop. 240 000) ...show more Official Sites of Namibia hot wheels tarpaulin layout