The Namibian Dollar is the official currency of Namibia. One Namibian Dollar is worth 100 Cents. Coins come in denominations of 5, 10 and 50 Cents as well as 1, 5 and 10 Namibian Dollars. Banknotes are distributed in 10, 20, 50, 100 and 200 Namibian Dollars.
In 2012, Namibia had some problems with the new $10 and $20 banknotes. They were cracking around the diamond that was featured on them. It is thought that this was caused by the paper type and also that the diamond was placed in the center of the note where it was damaged by frequent folding. A limited number of new and improved banknotes were issued in 2013.
When Namibia was called South-West Africa and was ruled by South Africa, the country’s main currency was the South African Rand. When Namibia gained its independence in 1990, the country wanted its own currency. Initially Namibia’s currency was going to be called the Kalahar, named after the Kalahari Desert in east Namibia. This currency was abandoned, but some example banknotes were printed in a range of values. The Namibian Dollar was launched on 15 September 1993. Whilst the Rand still remains legal currency in Namibia and is valued against the Namibian Dollar at a rate of 1:1, the Namibia Dollar is not accepted in South Africa.
- cent (100)
- 15 September 1993
- Bank of Namibia
- Oberthur Technologies