Namibian dollar 342430 221885261 2008-06-26T15:00:27Z 이형주 7198237 /* Coins */ {{Infobox Currency | image_1 = Coins NAD 2005.jpg | image_title_1 = 10, 50 cents, N$1, N$5 | iso_code = NAD | using_countries = {{NAM}} | inflation_rate = 6.7% | inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2007 est. | pegged_with = [[South African rand]] at par | subunit_ratio_1 = 1/100 | subunit_name_1 = [[Cent (currency)|cent]] | symbol = N[[Dollar sign|$]] | used_coins = 5, 10, 50 cents, $1, $5 | used_banknotes = $10, $20, $50, $100, $200 | banknote_article = Banknotes of the Namibian dollar | issuing_authority = [[Bank of Namibia]] | issuing_authority_website = www.bon.com.na }} The '''dollar''' ([[currency code]] ''NAD'') has been the [[currency]] of [[Namibia]] since [[1993]]. It is normally abbreviated with the [[dollar sign]] '''$''', or alternatively '''N$''' to distinguish it from other [[dollar]]-denominated currencies. It is divided into 100 [[cent (currency)|cent]]s. ''For earlier Namibian currency, see [[German South West African mark]].'' ==History== The dollar replaced the [[South African rand]], which had been the country's currency while it was under [[South Africa]]n rule as [[South-West Africa]] [[1920]]-[[1990]]. The rand is still [[legal tender]], as the Namibian dollar is linked to the South African rand and can be exchanged on a one-to-one basis locally. Namibia was also part of the [[Common Monetary Area]] from independence in 1990 until introduction of the dollar in [[1993]]. In 1990, moves were under way to replace the rand with a new [[Namibia]]n currency. The name [[kalahar]] was proposed, as the [[Kalahari Desert]] is located in eastern Namibia. The name of Namibia's central bank was going to be known as the [[Namibia Reserve Bank]]. Denominations of this planned currency included 2, 5, 10, and 20 kalahar. (Note: There were two different designs for the 20 kalahar specimen notes.) However, these plans came to nothing, but some specimen notes were printed in a range of denominations. {{Fact|date=February 2007}} The [[Bank of Namibia]] issued the first banknotes on [[15 September]] [[1993]], and during December of that year, also issued the first national coins. ==Coins== {|align="right" cellspacing="0" cellpadding="0" |<!-- Deleted image removed: [[Image:Namibian10.JPG|thumb|Ten-cent coin]] --> |} [[Coin]]s in circulation *5 cents *10 cents *50 cents *$1 *$5 Years of mintage are [[1993]], [[1996]], [[1998]], [[2000]] and [[2002]]. The cent coins are made of [[nickel]] [[plated]] [[steel]] and the dollar coins of [[brass]] ==Banknotes== [[Image:Billet namibien.jpg|thumb|10 dollars.]] [[Banknote]]s in circulation *$10 *$20 *$50 *$100 *$200 ==Dollar or mark?== [[Image:Münze-Namibia-10 Mark-1990-Probe-verso.png|thumb|10 marks essai (verso)]] During the planning phase of the introduction of a new national currency replacing the South African rand, the newly founded [[Bank of Namibia]] minted a proof series of coins denominated in [[dollar]]s as well as in [[Mark (money)|mark]]s, for the consideration of the Namibian [[Finance minister|Ministry of Finance]]. The decision then fell in favour of the name ‘dollar’ for the new currency. The proof series consisted of four different [[coin]]s: 1&nbsp;mark, 1&nbsp;dollar (both in [[copper]]/[[nickel]]), 10&nbsp;marks and 10&nbsp;dollars (both in [[silver]]). The recto of the mark pieces shows a sitting [[lion]] where the dollar pieces depict a [[Bushmen|Bushman]] with [[bow (weapon)|bow]] and [[arrow]]. All recto sides bear the indication of denomination as well as the remark ‘PROBE’/‘ESSAI’ (proof). The verso of the 1-mark/1-dollar pieces shows Namibia’s former [[Coat of arms of Namibia|coat of arms]] surrounded by the inscription ‘NAMIBIA’, the year ([[1990]]) and two ears of corn. The ten-mark/ten-dollar pieces bear the inscription ‘INDEPENDENCE’/‘UNABHÄNGIGKEIT’ ([[German language|G.]] ‘independence’) instead of the ears. There was also a series of Namibian pattern coins denominated in Rand dated 1990. These pattern coins are listed in the 2005 edition of Krause's 'Unusual World Coins'. {{Exchange Rate|NAD}} ==See also== * [[Economy of Namibia]] ==External links== {{Standard numismatics external links | world_coin_gallery_1_url = Namibia | world_coin_gallery_1_name = Namibia | banknote_world_1_url = namibia | banknote_world_1_name = Namibia | dollarization_1_url = na | dollarization_1_name = Namibia | gfd_1_url = Namibia | gfd_1_name = Namibia | gfd_data_1_url = | gfd_data_1_name = | show_gfd_excel = Y }} {{n-start}} {{n-before|currency=[[South African rand]]|ratio=at par|reason=independence}} {{n-currency|location=[[Namibia]]|start=[[1993]]|concurrent=[[South African rand]]}} {{n-after}} {{n-end}} {{dollar}} {{Currencies of Africa}} [[Category:Economy of Namibia]] [[af:Namibiese Dollar]] [[ca:Dòlar namibià]] [[cs:Namibijský dolar]] [[de:Namibia-Dollar]] [[fr:Dollar namibien]] [[ko:나미비아 달러]] [[bpy:নামিবিয়ান ডলার]] [[it:Dollaro namibiano]] [[he:דולר נמיבי]] [[hu:Namíbiai dollár]] [[mn:Намибийн доллар]] [[nl:Namibische dollar]] [[ja:ナミビア・ドル]] [[pl:Dolar namibijski]] [[pt:Dólar Namibiano]] [[ru:Намибийский доллар]] [[sr:Намибијски долар]] [[fi:Namibian dollari]] [[sv:Namibisk dollar]] [[tg:Доллари Намибия]]