- Monetary unit:
- Country code:
- Namibia, Republic
- Namibian dollar
- of 824 290 sq. km
- English (state), German and local languages
- NA (NAM) 516
Republic Namibia Monetary unit is the namibian dollar to equal 100 cents and manufactured by Bank of Namibia.
In 1915 the former German South West Africa (since 1968 - Namibia) has been occupied by the South African Union (nowadays the republic of South Africa). Till 1914 in territory of South West Africa the German token moneys, since 1930 - the South African pound equal to pound sterling addressed. Since February, 1961 country monetary unit was the South African rand. As the native currency the namibian dollar has been entered into a money turnover in 1993 (in three years after reception of independence by Namibia), having replaced the South African rand which is to this day in the free circulation as a lawful instrument of payment in territory of this African country.
In the cash circulation there are denominations of denomination of 10, 20, 50, 100, 200 dollars. There are various modifications of token moneys of one nominal value.
On face side of a denomination in nominal value of 10 dollars (the size - 128 x 70 mm, dominating colours - turquoise and dark blue) against a building of Parliament of Republic of Namibia is seated a portrait of captain Hendrik Vitboy, on the back of the this denomination two South African gazelles are represented.
For protection of authenticity of the note the watermark, a protective thread with the microtext, and also hidden and the combined plotting are used.
The Namibian dollar in Namibia is considered equivalent to the South African rand, thus in Republic of South Africa this opinion deny and at the best can yield for 1 namibian dollar 0,7 South African rands. We will notice that by working out of design of currency of Namibia many elements have been copied from a rand.
The Bank of Namibia announced a new series of notes which will be presented after March, 21st, 2012. Notes of new family will have the same nominal values, as well as in a current series. All notes will be with the improved protection against a fake, and the portrait Hendrik Vitboy will be saved on all dignities, except 10 and 20 dollars where Sam Nujomy's new portrait, the president and the father of the nation will be presented.
New notes will be presented public, for the first time, on Independence Day (on March, 21st), but till May, will not be entered into the circulation.
It is updated 03.2012