Namibian dollar

Short description: Currency of Namibia

For earlier Namibian currencies, see South West African mark and South West African pound.

Namibian dollar

10 cents, 50 cents, N$1, N$5

ISO 4217
Code| NAD (numeric: 516)
Subunit| 0.01
Unit
Symbol| $, N$
Denominations
Subunit|
​1⁄100| cent
Symbol|
cent| c
Banknotes| N$10, N$20, N$30, N$50, N$60, N$100, N$200
Coins| 5c, 10c, 20c, 50c, N$1, N$5, N$10
Demographics
Date of introduction| 15 September 1993
User(s)|  Namibia (alongside South African rand at a ratio of 1 Dollar to 1 Rand at par)
Issuance
Central bank| Bank of Namibia
Website| www.bon.com.na
Valuation
Inflation| 6.8%
Source| The World Factbook, 2016 est.
Pegged with| South African rand at par
Old N$10 banknote and coins

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.

## Contents

* 1 History
* 2 Coins
* 3 Banknotes
* 4 Test coins
* 5 Exchange rates
* 6 See also
* 7 References
* 8 External links

## 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 ultimately the government settled on the name Namibian dollar. The first notes were issued on 15 September 1993.[1]

The Bank of Namibia issued the first banknotes on 15 September 1993 and, in December, issued the first national coins.

## Coins

Coins in circulation

denomination:  | obverse:  | reverse:

|
|

5c  |  |
10c  |  |
50c  |  |
N$1  |  |
N$5  |  |

Years of mintage are 1993, 1996, 1998, 2000, 2002, 2008, 2009, 2010, 2012, 2015. The cent coins are made of nickel plated steel and the dollar coins of brass. From January 2019, 5c coins are no longer produced, but they are still used for daily transactions.

## Banknotes

The following banknotes are currently in circulation:

* N$10
* N$20
* N$30 (commemorative)[2]
* N$50
* N$60 (commemorative)[3]
* N$100
* N$200

Historically, Kaptein Hendrik Witbooi, once chief of the Nama people and instrumental in leading the revolts against German rule at the turn of the 20th century, has been depicted on all Namibian banknotes. However, on 21 March 2012, the Bank of Namibia introduced a new series of banknotes to be issued in May 2012. The new family of banknotes will have the same denomination structure as the current series. All denominations have improved anti-counterfeiting features, and the portrait of Kaptein Hendrik Witbooi is retained for all but the 10 and 20 dollar notes, which feature a new portrait of Sam Nujoma, the founding president and father of the Namibian nation.[4][5]

The Bank of Namibia has discovered that the diamond-shaped optically variable ink patch on the N$10 and N$20 notes was cracking after multiple folding and handling. The Bank of Namibia has recently issued in limited quantity, the N$10 and N$20 notes on paper with improved quality and shifted the placement of the diamond-shaped optically variable ink feature.[6]

On 21 March 2020, the Bank of Namibia unveiled a new 30 dollar polymer note to commemorate the 30th anniversary of independence. The theme of the note is '3 Decades of Peace and Stability', represented by the smooth transition of power between the three presidents since independence.[7]

2012 Series

Image | Value | Dimensions | Main Color | Description | Date of issue | Date of first issue | Watermark
Obverse | Reverse | Obverse | Reverse
[1] | [2] | N$10  | 129 × 70mm  | Blue  | H.E. Dr. Sam Nujoma; Parliament building in Windhoek  | Namibian coat of arms; three standing springbok antelope (Antidorcas marsupialis) | 2011  | 15 May 2012  | Sam Nujoma and electrotype 10
[3] | [4] | N$20  | 134 × 70mm  | Orange  | H.E. Dr. Sam Nujoma; Parliament building in Windhoek  | Namibian coat of arms; three standing red hartebeest | 2011  | 15 May 2012  | Sam Nujoma and electrotype 20
[5] | [6] | N$50  | 140 × 70mm  | Green  | Kaptein Hendrik Witbooi; Parliament building in Windhoek  | Namibian coat of arms; five standing kudo antelope (Tragelaphus stepsiceros) | 2012  | 15 May 2012  | Kaptein Hendrik Witbooi and electrotype 50
[7] | [8] | N$100  | 146 × 70mm  | Red  | Kaptein Hendrik Witbooi; Parliament building in Windhoek  | Namibian coat of arms; three standing oryx antelope (Oryx gazella) | 2012  | 15 May 2012  | Kaptein Hendrik Witbooi and electrotype 100
[9] | [10] | N$200  | 152 × 70mm  | Purple  | Kaptein Hendrik Witbooi; Parliament building in Windhoek  | Namibian coat of arms; three standing roan antelope  | 2012  | 15 May 2012  | Kaptein Hendrik Witbooi and electrotype 200

## Test coins

10 marks essai (reverse)

During the planning phase of the introduction of a new national currency replacing the South African rand, the newly founded Bank of Namibia minted a proof series of coins denominated in dollars as well as in marks, for the consideration of the Namibian Ministry of Finance. The decision then fell in favour of the name ‘dollar’ for the new currency.

The proof series consisted of four different coins: 1 mark, 1 dollar (both in copper/nickel), 10 marks and 10 dollars (both in silver). The obverse of the mark pieces shows a sitting lion where the dollar pieces depict a San (Bushman) with bow and arrow. All obverse sides bear the indication of denomination as well as the remark ‘PROBE’/‘ESSAI’ (proof). The reverse of the 1-mark/1-dollar pieces shows Namibia's former coat of arms surrounded by the inscription ‘NAMIBIA’, the year (1990) and two ears of corn. The ten-mark/ten-dollar pieces bear the inscription ‘INDEPENDENCE’/‘UNABHÄNGIGKEIT’ ("independence" in German) instead of the ears.

There was a series of Namibian pattern coins denominated in Rand dated 1990. This short-lived tender was cited in the 2005 edition of Krause's 'Unusual World Coins'.

## Exchange rates

Current NAD exchange rates

From Google Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR JPY USD
From Yahoo! Finance:  | AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR JPY USD
From XE.com:  | AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR JPY USD
From OANDA:  | AUD CAD CHF CNY EUR GBP HKD JPY USD ZAR JPY USD

## See also

* Economy of Namibia

## References

1. ↑ NAMIBIA CURRENCY SPOTLIGHT blog.continentalcurrency.ca. Retrieved 2019-06-30.
2. ↑ "Commemorative Banknote". https://www.bon.com.na/Currency/Commemorative-Banknote.aspx.
3. ↑ "N$60 Commemorative Banknote". https://www.bon.com.na/Currency/60-NAD-Commemorative-Banknote.aspx.
4. ↑ Linzmayer, Owen (2012). "Namibia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. http://www.banknotebook.com.
5. ↑ Namibia new 2012 banknote family confirmed BanknoteNews.com. Retrieved 2012-05-15.
6. ↑ Namibia new 10- and 20-dollar notes reported BanknoteNews.com. 4 June 2013. Retrieved on 2013-06-05.
7. ↑ Namibia new 30-dollar commemorative note (B218a) confirmed BanknoteNews.com. 15 May 2020. Retrieved on 2020-11-11.

## External links

* Heiko Otto, ed. "The banknotes of Namibia" (in en,de). http://www.bis-ans-ende-der-welt.net/Namibia-B-En.htm.

Preceded by:
South African rand
Reason: independence and Common Monetary Area
Ratio: at par | Currency of Namibia
1993 -
Concurrent with: South African rand | Succeeded by:
Current

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Template:Economy of Namibia

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* t
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Currencies named dollar or similar

Circulating|

* Australian dollar
* Bahamian dollar
* Barbadian dollar
* Belize dollar
* Bermudian dollar
* Brunei dollar
* Canadian dollar
* Cayman Islands dollar
* Cook Islands dollar
* Eastern Caribbean dollar
* Fijian dollar
* Guyanese dollar
* Hong Kong dollar
* Jamaican dollar
* Kiribati dollar
* Liberian dollar
* Namibian dollar
* New Zealand dollar
* Samoan tālā
* Singapore dollar
* Solomon Islands dollar
* Surinamese dollar
* New Taiwan dollar
* Trinidad and Tobago dollar
* Tuvaluan dollar
* United States dollar

Obsolete and historical|

* Antigua dollar
* British Columbia dollar
* British North Borneo dollar
* British West Indies dollar
* Ceylonese rixdollar
* Confederate States dollar
* Continental dollar
* Danish rigsdaler
* Danish West Indian daler
* Danish West Indian rigsdaler
* Dominican dollar
* Dutch rijksdaalder
* Greenlandic rigsdaler
* Grenadian dollar
* Hawaiian dollar
* Japanese occupation dollar
* Kiautschou dollar
* Malaya and British Borneo dollar
* Malayan dollar
* Mauritian dollar
* Mongolian dollar
* Nevisian dollar
* New Brunswick dollar
* Newfoundland dollar
* Norwegian rigsdaler
* Norwegian speciedaler
* Nova Scotian dollar
* Penang dollar
* Prince Edward Island dollar
* Puerto Rican dollar
* Rhodesian dollar
* Saint Kitts dollar
* Saint Lucia dollar
* Saint Vincent dollar
* Sarawak dollar
* Sierra Leonean dollar
* Slovenian tolar
* Spanish dollar
* Straits dollar
* Sumatran dollar
* Swedish riksdaler
* Old Taiwan dollar
* Texas dollar
* Trinidadian dollar
* Tobagonian dollar
* Zimbabwean dollar
* Zimbabwean dollar (2019–2024)
* Toronto dollar

Noncirculating|

* Niue dollar
* Pitcairn Islands dollar

Conceptual|

* Eurodollar
* Petrodollar
* International dollar (Geary–Khamis dollar)

Virtual|

* Linden dollar
* Project Entropia Dollar

Fictional|

* Angus Bucks

Private|

* Calgary dollar
* Disney Dollars
* Salt Spring dollar
* Liberty dollar

See also|

* Dollar sign ($)
* Holey dollar
* Thaler
* Tolar
* Trade dollar
* Zimbabwean bond coins
* Zimbabwean bond notes

* v
* t
* e

Currencies of Africa

North|

* Algerian dinar
* Egyptian pound
* Euro
* Libyan dinar
* Mauritanian ouguiya
* Moroccan dirham
* Sahrawi peseta (unrecognized)
* Sudanese pound
* Tunisian dinar

Central|

* Angolan kwanza
* Burundian franc
* Central African CFA franc
* Congolese franc
* Rwandan franc

East|

* Comorian franc
* Djiboutian franc
* Eritrean nakfa
* Ethiopian birr
* Kenyan shilling
* Seychellois rupee
* Somali shilling
* Somaliland shilling (unrecognized)
* South Sudanese pound
* Tanzanian shilling
* Ugandan shilling

South|

* Botswana pula
* Sterling
* Euro
* Lesotho loti
* Malagasy ariary
* Malawian kwacha
* Mauritian rupee
* Mozambican metical
* Namibian dollar
* Saint Helena pound
* South African rand
* Swazi lilangeni
* Zambian kwacha
* Zimbabwean ZiG
* mosi-oa-Tunya

West|

* Cape Verdean escudo
* Euro
* Gambian dalasi
* Ghanaian cedi
* Guinean franc
* Liberian dollar
* Nigerian naira
* São Tomé and Príncipe dobra
* Sierra Leonean leone
* U.S. dollar
* West African CFA franc

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