NADNamibian DollarNamibian Dollar (NAD)
The Namibian dollar is Namibia's national currency within the Common Monetary Area.
- ISO code
- NAD
- Symbol
- $
- Region
- Africa
- Currency type
- Fiat currency
- Exchange system
- One-to-one relationship with the South African rand within the Common Monetary Area
- Last reviewed
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Quick facts
NAD at a glance
Currency profile
How NAD works
The Namibian dollar is Namibia's national currency within the Common Monetary Area.
The Bank of Namibia issues NAD, which is maintained at one-to-one parity with the South African rand.
- NAD and ZAR are separate currencies even though their official relationship is one-to-one.
- The South African rand remains legal tender in Namibia under the regional arrangement.
Context
Why this currency matters
NAD illustrates the difference between currency identity and official parity: Namibia has its own issuer and code even while maintaining a one-to-one relationship with ZAR.
Monetary framework
Exchange arrangement
NAD is maintained at one-to-one parity with ZAR within the Common Monetary Area; the currencies retain separate codes and issuers.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for NAD
Bank of Namibia established
The central bank was established around Namibia's independence.
Bank of NamibiaCommon Monetary Area parity retained
NAD has remained at one-to-one parity with ZAR under the regional monetary arrangement.
Bank of Namibia
Usage and economy
How NAD is used
- Domestic prices and payments in Namibia.
- Regional comparisons with ZAR, BWP and SZL.
Country currency guides
Banknotes and coins
NAD currency units
The Bank of Namibia documents current and commemorative Namibian-dollar banknotes.
The Bank of Namibia documents the coins issued for the Namibian-dollar system.
One Namibian Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
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Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
NAD questions
Is the Namibian dollar equal to the South African rand?
NAD and ZAR are maintained at one-to-one parity, but they remain separate currencies with separate issuers.
Can South African rand be used in Namibia?
Yes. ZAR remains legal tender in Namibia under the Common Monetary Area arrangement.
Who issues NAD?
The Bank of Namibia issues the Namibian dollar.
Is the NAD 30 note a common banknote?
No. The NAD 30 issue is commemorative and is not part of the current-common banknote list.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.