NAD (Namibian Dollar)

Filed Under » Currency

	Definition of 'NAD (Namibian Dollar)' The currency abbreviation for the Namibian dollar (NAD), the currency for Namibia. The Namibian dollar is made up of 100 cents and is often presented with the symbol $ or N$ to set it apart from other dollar-denominated currencies.
	Investopedia explains 'NAD (Namibian Dollar)' The Namibian dollar replaced the South African rand in 1993, three years after Namibia gained its independence from South Africa. Because the dollar is pegged to the rand at par, the rand is still legal tender in Namibia, and both currencies circulate alongside each other in the nation.

Related Definitions

Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
An Introduction To Complementary Currencies

There are alternatives to national currencies. Discover complementary currencies and how they work.

Why Americans Think Bush Is To Blame For The Economy	The Complete Guide To Calculating Your Net Worth		Top Investment Trends For 2013	5 Viable Career Options In 2013
	How Do Internet Browsers Make Money?	Commodities Of The Future	Trending Stocks And The January Effect