The shield rests on a Namib sand dune with Welwitschia on the foreground. Similarly, some African countries have more than one official currency. South African Rand ZAR & Lesotho Loti; 1 USD To 19.05 ZAR 1 ZAR To 19.25 NGN. Namibian Dollar The currency of Namibia is the Namibian dollar (N$). There is has been an improvement in anti-counterfeiting structures while retaining the image of Hendrik Witbooi for all the notes except 10 and 20 dollar that carry the picture of Sam Nujoma, the father and founder of Nation of Namibia. The dollar (currency code NAD) has been the currency of Namibia since 1993. The national flag has a height to length proportion of 1:2. The Central Bank of Namibia was to be called the Namibia Reserve Bank. Currency in Namibia. The newly established Bank of Namibia minted a specimen series of coins in marks and dollars to be presented to Ministry of Finance for contemplation. Later, the bank improved the quality and moved the positioning of the optically variable diamond-shaped ink feature of N$10 and N$20 banknotes. e The 1 dollar coin was first minted by Namibia during December 1993. The rand is also legal tender in Namibia at a rate of 1:1. The currency code for Dollars is NAD, and the currency symbol is $. Seal serves as a promise that you are receiving authentic currency and is backed by the protection of Banknote World’s T.A.P. The Namibian Dollar is the currency of Namibia. The arms consists of a shield displaying the national flag and supported on each sides by oryx. It was introduced in Sept. 1993, replacing the South African rand (ZAR). But, I suggest you take South African Rand and use them instead. The colors and symbols of the flag all have their own meanings. The South African rand was the official currency of Namibia from 1920 until 1990. 28-Dec-2018; Countries around the world have their own currency and traders learn to quickly recognize those currencies by their three-letter acronym or abbreviation. Bank of Namibia Act, 2020 (Act 1 of 2020) By laws issued under Bank of Namibia Act; Currencies and Exchanges Act, 1933. The coins pictured Namibian flora and fauna on sides and the metal composition of the coins range from nickel bonded steel. The NAD (Namibian dollar) is the national currency of Namibia. The decision then fell in favour of the name ‘dollar’ for the new currency. 1 N$ = 100 cents. All obverse sides bear the indication of denomination as well as the remark ‘PROBE’/‘ESSAI’ (proof). Namibia new 2012 banknote family confirmed, Namibia new 10- and 20-dollar notes reported, Namibia new 30-dollar commemorative note (B218a) confirmed, Saint Helena, Ascension and Tristan da Cunha, https://en.wikipedia.org/w/index.php?title=Namibian_dollar&oldid=1003251376, Currencies of the Commonwealth of Nations, Creative Commons Attribution-ShareAlike License, This page was last edited on 28 January 2021, at 02:59. 604: Nuevo Sol: Peru; PGK: K: 598: Kina: Papua New Guinea; PHP ₱ 608: Philippine … 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. 318,261 sq. These new notes will carry the similar denomination syntax as the current series. In the process to establish the Namibian currency to succeed the South African Rand, the name Kalahari was suggested in recognition of the Namibia’s Kalahari Desert. This short-lived tender was cited in the 2005 edition of Krause's 'Unusual World Coins'. In a new nine-page position paper, the Bank of Namibia said bitcoin and its progeny pose only a “minimal” threat to the central bank’s monetary policymaking role. There was a series of Namibian pattern coins denominated in Rand dated 1990. The plans did not materialize, although the bank produced symbolic notes in some denominations. Due to the Covid-19 situation, it is a challenging time for everyone in the world and we at Wild Dog Safaris, like so many other companies in the tourism industry, have been through a very rough patch. Its smallest unit is 100 cents. It was used to refer to the gold dinar coin that was widely used across many nations in Africa before the 19th Century. History Our currency rankings show that the most popular Namibia Dollar exchange rate is the USD to NAD rate . The meticais are issued by the Banco de Moçambique which is the Central Bank. The T.A.P. The South African Rand is the currency of South Africa. The South African rand is used alongside the Namibian dollar in Namibia; and alongside the Swazi lilangeni in Swaziland. The upper triangle is blue in color and the lower one is green. The currency symbol of the Namibian money is N$. This is a Currency Gallery page and some, most or even all of the banknotes displayed above on this page may not be available to purchase or to photograph. Namibia definition, a republic in southwestern Africa: a former German protectorate; a mandate of South Africa 1920–66; gained independence 1990. Namibia’s Constituent Assembly adopted the final design of the flag on February 2, 1990. Since then, the general issue coins have been minted in 1996, 1998, 2002, 2006, and 2008. [4], On 21 March 2020, the Bank of Namibia unveiled a new 30-dollar polymer note to commemorate the 30th anniversary of independence. The Namibia flag was officially adopted in March 21, 1990, up on independence from South Africa. Namibia's coat of arms was introduced at independence in 1990 to replace the earlier coat of arms used by the South African administration. 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. Each currency symbol is presented first as a graphic, then in two "Unicode-friendly" fonts: Code2000 and Arial Unicode MS.The graphic symbol in the first column will always be visible, but the symbols in the other columns may or may not be available, depending on which fonts are installed on your computer. The Bank of Namibia issued the first banknotes on 15 September 1993 and, in December, issued the first national coins. Initially alternative names for the Namibian dollar were suggested including the Namibian kalahar, referencing the Kalahari Desert in the east of Namibia. However, the South African Rand is still in use as it can be exchanged with the dollar locally. Namibia, Land of the Brave was written and set to melody by Axali Doeseb in 1991. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. All currencies of Africa with their ISO-4217 codes, listed by countries and dependent territories Ultimately the government settled on the name: … 512: Rial Omani: Oman; PAB: B/. The eight countries using the West African CFA franc are Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo. All maps, graphics, flags, photos and original descriptions © 2021 worldatlas.com, African Elephant Facts: Animals of Africa, Spinner Shark Facts: Animals of North America. The circulating denominations are: 5c, 10c, 50c, $1, $5, and $10, produced in the following years: 1993, 1996, 1998, 2000, 2002, 2008, 2009, 2010, 2012, and 2015. The specimens series comprised of four types of coins: 1 dollar and one mark (in nickel/copper), 10 dollars and ten marks in silver. The red color represents the people of the country, their courage and determination to achieve equal opportunity for all in the future. It resembles the flag of SWAPO Party of Namimbia, except that the party's flag consisted of blue, red, and green horizontal stripes. Namibia, officially the Republic of Namibia, is a country in southern Africa, previously known as German West Africa and later as South West Africa. The two letters at the start refer to the name of the country and the third is the currency. However, after independence from South Africa, Namibia adopted "Nkosi Sikelel' iAfrika" as its temporary anthem. If you’re travelling to Namibia after spending time in South Africa, rands are accepted everywhere in Namibia (although Namibian dollars are not accepted in South Africa). The blue color is a symbol of the sky and the ocean both of which play a vital role in the country’s well-being. The name of the currency comes from an Arabic word called mithqal. 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. Hendrik Witbooi, the Namaqua people’s chief, and a leading leader against German rule during the 20th century is portrayed on all banknotes of Namibia. The Namibian Dollar (NAD) is the national currency of Namibia. The country motto: "Unity, Liberty, Justice," is displayed on a ribbon below. The winning designs were created by three Namibians - Don Stevenson, Ortrud Clay, and Theo Jankowski. Marais is the founder of Visual Arts Namibia and her works depict the socio-economic history of Namibia through abstract forms and colors. Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993. The Namibian Dollar is the official currency of Namibia. The diagonal band between them is red and is bordered by white. Zimbabwe takes the title for the country with the most official currencies, however. Historically, Kaptein Hendrik Witbooi, once chief of the Namaqua people and instrumental in leading the revolts against German rule at the turn of the 20th century, has been depicted on all Namibian banknotes. The N$10 and N$20 had the optically variable diamond-shaped ink patch that cracked on multiple manipulation and folding, leading to limited issuance by the Bank of Namibia. The Rand is still legal tender, since the Namibia Dollar is pegged to the Rand. The Namibian dollar is the official currency of Namibia and has been in use since the year 1993. Prior to adopting the current anthem, Die Stem van Suid-Afrika (South Africa's anthem) was the official national anthem of Namibia. Since 1993, the Namibian dollar became the official currency of Namibia, with the code NAD. The Namibian Dollar and the South African Rand are both used side by side as the countries currency. All denominations have improved anti-counterfeiting features, and the portrait of Kaptein Hendrik Witbooi are 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. According to BoN, foreign exchange in Namibia is regulated by the Currency and Exchanges Act, 1933 (Act No. The design of the national flag was chosen by the National Symbols Sub-Committee of Namibia. They are valued at 1 : 1. It is mostly shortened with the dollar symbol $ or N$ to differentiate it with other currencies designated as the US dollar. On March 9, 1990, the flag was unveiled and the three designers were publicly acknowledged by the flag selection committees chairperson. Below, you'll find Namibian Dollar rates and a currency converter. The first shipment of Namibian coins reached Walvis Bay on November 13, 1993, while the issuance to banks took place on December 8, 1993. The decision then fell in favour of the name ‘dollar’ for the new currency. 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. Variety: 870 entries for the design of flag were carefully examined and six were short-listed. The anthem was officially adopted in December 1991. The country was part of the Common Monetary Area from 1990 to 1993 (making the rand the de facto currency) until the Namibian dollar was introduced. If you are looking to purchase Namibian banknotes, then please visit our Store. The cent coins are made of nickel plated steel and the dollar coins of brass. African history. 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.[5]. In pre-colonial times, many objects were sometimes used as currency in Africa. Promise. AUD is the Australian Dollar. On September 15, 1993, the Bank of Namibia first circulated the notes, and the first national coins arrived in December of the same year. Commemorative coins at this denomination have also been produced. Description. This should have been up the ladder but the currency is gradually losing it value. The ten-mark/ten-dollar pieces bear the inscription ‘INDEPENDENCE’/‘UNABHÄNGIGKEIT’ (German: ‘independence’) instead of the ears. The obverse of the mark pieces shows a sitting lion where the dollar pieces depict a San (Bushman) with bow and arrow. The Namibian dollar is the official currency of Namibia and has been in use since the year 1993. The country’s agricultural wealth and vegetation are represented by the green color. [2][3], 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. Above the shield is a green traditional head-ring charged with six lozenges. Symbolized as MZN or MT, the Mozambican Metical is the currency used Mozambique. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. However, a new series of notes were issued by the Bank of Namibia on March 21, 2012. The Namibian dollar (symbol: N$; code: NAD) has been the currency of Namibia since 1993. The circulating notes are $10, $20, $50, $100, and $200. It runs from the lower hoist-side corner to the opposite corner of the flag. From January 2019, the 5 cent coins are no longer minted, but they are still used for daily transactions. The proof series consisted of four different coins: 1 mark, 1 dollar (both in copper/nickel), 10 marks and 10 dollars (both in silver). However, on 21 March 2012, the Bank of Namibia introduced a new series of banknotes to be issued in May 2012. The Namibia dollar code is NAD. Namibia 50 Namibia Dollars Banknote, 2003, P-8a, UNC, TAP 60 - 70 Authenticated. It was introduced to these French colonies in 1945 as a replacement for the French West African Franc. Years of mintage are 1993, 1996, 1998, 2000, 2002, 2008, 2009, 2010, 2012, 2015. The ministry chose "dollar" in favor of "mark." Exchange Control Regulations, 1966; Prevention of Counterfeiting of Currency Act, 1965; Namibia Deposit Guarantee Act, 2018; Banking Institutions Act, 1998, as amended. Namibia Money The local money used in Namibia is Dollar. The South African Rand was used when Namibia was under the rule of South African between 1920 and 1990. You will only be able to get Namibian Dollars once you reach Namibia. The currency name of NAMIBIA is the Namibia Dollar Windhoek — Namibia dollar rates for Tuesday posted by the National Bank of Namibia: DOLLAR/COMMERCIAL RAND 7.5950 EURO/DOLLAR 0.8395 STERLING/DOLLAR 1.4464 DOLLAR/SWISS FRANC 1.8080 DOLLAR/JAPANESE YEN 108.87 GOLD/DOLLAR 264.05 GOLD/COMMERCIAL RAND 2005. It’s divided into 100 cents, and is linked to the South African rand. The Namibian currency code is NAD. After the country gained its independence in 1990, the Dollar was introduced in 1993 to replace the South African Rand. Doëseb was a music group director, chosen to write the anthem after winning a contest to write the anthem held after independence. 590: Balboa: Panama; PEN: S/. 12. An African Fish Eagle flies above the shield. Its smallest unit is 100 cents. The Namibian dollar is pegged to the South African rand. The only local currency ranked among the most-traded in the international forex market, is the South African rand, which is placed at the end of the top 20. The first notes were issued on September 15, 1993.[1]. White in the flag symbolizes unity and peace. Namibia Dollar: Namibia; NGN ₦ 566: Naira: Nigeria; NIO: C$ 558: Cordoba Oro: Nicaragua; NOK: kr: 578: Norwegian Krone: Norway; NPR ₨ 524: Nepalese Rupee: Nepal; NZD $ 554: New Zealand Dollar: Cook Islands; New Zealand; Niue; Pitcairn Island; OMR: ر.ع. 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. 9 of 1933), the Exchange Control Regulations 1961 and the Rules and Order issued under these laws. It is divided into 100 cents. Related Terms. Name. E.g. Finally, three designs were selected from the six chosen entries and were combined to form Namibia’s national flag. Currency Acronyms and Abbreviations. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog , or take … Currency: Namibian dollar (NAD) South African rand (ZAR) Time zone: UTC+2 : Driving side: left: Calling code +264: ISO 3166 code: NA: Internet TLD.na 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. Country Capital(s) Currency Primary Language(s) Afghanistan Kabul Albania Tirane Albanian Algeria Algiers Algerian Dinar Andorra Euro Catalan Angola Luanda Kwanza Portuguese Antigua and Barbuda Saint John's East Caribbean Dollar English Argentina Argentine Peso Spanish Armenia Yerevan Dram Armenian Australia Canberra Australian Dollar English The face of the mark pieces bears a sitting lion while the dollar pieces carries a San (a man who reside in Bush) with arrow and bow. The flag of Namibia features two triangles that are separated by a diagonal band in the between them. The Namibian dollar was established in 1993, and began to circulate alongside the rand at par. It is mostly shortened with the dollar symbol $ or N$ to differentiate it with other currencies designated as the US dollar. You can draw cash from ATMs in Namibia using your international bank cards. The new family of banknotes will have the same denomination structure as the current series. 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