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Namibia (inglês)







Here is a detailed financial historical report on Namibia, in English, based on the provided search results:


Financial Historical Report of Namibia

Basic Data

  • Country ISO Code: NA

  • Official Language: English

  • Currency Name: Namibian Dollar

  • Currency ISO Code: NAD

  • Subdivision: 1 Namibian dollar = 100 cents

  • Issuing Authority: Bank of Namibia


Currency History

  • Namibia gained independence in March 1990 and sought to establish economic and monetary sovereignty.

  • The Bank of Namibia was established in July 1990 as the central bank, laying the foundation for a national currency.

  • The Namibian dollar (NAD) was officially introduced on September 15, 1993, replacing the South African rand, which had been in use since independence.

  • The rand remains legal tender in Namibia and is accepted on a one-to-one basis with the Namibian dollar due to a currency peg.

  • The name "Namibian dollar" was chosen after considering alternatives such as "Namibian Kalahar," referencing the Kalahari Desert.


Currency Features

  • The Namibian dollar is abbreviated as $ or N$ to distinguish it from other dollar currencies.

  • It is divided into 100 cents.

  • Banknotes initially issued were in denominations of 10, 50, and 100 dollars, with later additions including 20 and 200 dollars.

  • Coins were first issued in December 1993, including 5, 10, and 50 cents (nickel-plated steel) and 1 and 5 dollars (brass).

  • From January 2019, 5-cent coins are no longer minted but remain in circulation.

  • Banknotes feature portraits of national heroes such as Hendrik Witbooi and Sam Nujoma, reflecting Namibia's cultural heritage and history.


Economic Context and Currency Performance

  • The Namibian dollar is pegged to the South African rand at a 1:1 exchange rate, providing stability due to South Africa being Namibia’s largest trading partner.

  • The rand is widely accepted in Namibia alongside the Namibian dollar.

  • Namibia’s economy has grown modestly, with an average GDP growth rate of about 3% per year in the past decade.

  • Inflation has averaged around 5% annually between 2014 and 2019.

  • The NAD has depreciated against the US dollar over recent years; for example, from about 8 NAD per USD in 2011 to approximately 15 NAD per USD by late 2020.


Summary

  • The introduction of the Namibian dollar in 1993 was a key step in asserting Namibia’s monetary independence.

  • The currency’s peg to the South African rand ensures exchange rate stability and facilitates trade.

  • The coexistence of the NAD and the rand is a unique feature of Namibia’s monetary system.

  • The Bank of Namibia continues to regulate and issue currency, maintaining financial stability.


This report provides a comprehensive overview of Namibia’s currency history, features, and economic context.


If you wish, I can prepare translations of this report into Portuguese (Brazilian) or other languages.

  1. https://www.bon.com.na/Learn/Explore-Currency.aspx
  2. https://www.bon.com.na/Currency/Namibian-notes/History-of-Namibian-Banknotes.aspx
  3. https://en.wikipedia.org/wiki/Namibian_dollar
  4. https://www.investopedia.com/terms/forex/n/nad-namibia-dollar.asp
  5. https://www.elevatepay.co/currency-encyclopedia/nad-namibian-dollar
  6. https://www.elevatepay.co/br/currency-encyclopedia/nad-namibian-dollar
  7. https://simple.wikipedia.org/wiki/Namibian_dollar
  8. https://tradingeconomics.com/namibia/currency


Fonte:

Autor do blog: Nilton Romani

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