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LOCAL CURRENCY IN NAMIBIA

Want to know how much is your money worth in Namibia? The currency used in Namibia is called Dollar.

The Namibian Dollar is issued and managed by the Bank of Namibia. To find out the current currency exchange rates for Dollar to other major currencies of the world, click on foreign currency rates.

Namibian Currency Information
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The currency used in Namibia is called as the Dollar. This currency is denoted with the currency sign N$ and the ISO 4217 Code for the Namibian Dollar is NAD. The Dollar, is the official currency of the Namibia . It is divided into 100 smaller units called cent.

The constitution of Namibia provides that the Namibia government shall have the power to print the Namibian Dollar and cent coins to be used as a legal tender in Namibia. The Namibian Dollar bank notes and Cent coins are both designated as "legal tender" in payment of debts.

The Namibian Dollar bill uses the decimal system, consisting of 100 equal units.

The symbol N$, usually written before the numerical amount, is used for the Namibian Dollar.

Currently printed bank notes denominations are $10, $20, $50, $100, $200 and the coins are minted in the denominations of 5, 10, 50 cents, $1, $5, $10 .

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The Effect of Balance of Trade and Investment on the Value of Namibian Dollar
Financial analysts regularly cite the balance of trade and investment in Namibia as the most important influence on the value of the Dollar. The difference between what the Namibia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dollar exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dollar exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Namibian Dollar.
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