NAMIBIA

(NAD) Currency News >>

CURRENCY:

The Namibian Dollar - NAD, Symbol N$

DENOMINATIONS:

NOTE: N$200, 100, 50, 20 and 10.

COIN: N$5, N$1, 50 cents, 10 cents and 5 cents.

US DOLLAR ACCEPTED?

No, but the South African Rand is accepted widely.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted.

CURRENCY EXCHANGE:

There are currency exchange services at banks and bureaux de change.

TRAVELLER'S CHEQUES:

These are best in US dollars or South African Rand.

BANKING HOURS:

Mon-Fri 0900-1530, Banks are open until 1100 on Saturdays.

CURRENCY RESTRICTIONS:

Declare on arrival.

COUNTRY OVERVIEW:

Namibia is officially called the Republic of Namibia and is located in southern Africa. It is also on the coast of the Atlantic Ocean. It was once a colony of Germany and then was under the apartheid regime of South Africa. It has been independent since 1990. The capital is Windhoek and the official language is English, although German and Afrikaans are recognised, as is Oshiwambo.

POPULATION:

Around 2 million.

ECONOMY:

The main elements of Namibia's economy are tourism and diamond mining. A large proportion of the population relies on subsistence farming. Income inequality is huge in Namibia - it has one of the highest rates in the world.