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The dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa from 1920 until 1990, at par. . 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 loca
His face was portrayed on the obverse of all Namibian dollar banknotes until 20 March 2012 and is still on all N$50, N$100, and N$200 notes. [5] Witbooi's diary and complete correspondence have survived and became known as the Hendrik Witbooi Papers. It is stored in the National Archives of Namibia in Windhoek.
An employee's salary is normally paid in Namibian dollars, which is the local currency and income tax (maximum rate is 37% and is based on different income slabs) is deducted by the employer. One Namibian dollar (NAD) is always equal to one South African rand (ZAR). One United States dollar (1 US$ or US$1) = 14.50 Namibian Dollar (N$ or NAD). [31]
For example, Panama underwent full currency substitution by adopting the US dollar as legal tender in 1904. This type of currency substitution is also known as de jure currency substitution . Currency substitution can be used semiofficially (or officially, in bimonetary systems), where the foreign currency is legal tender alongside the domestic ...
This page was last edited on 15 February 2023, at 10:56 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
United States dollar $ USD Centavo: 100 Ecuador: United States dollar $ USD Centavo: 100 Egypt: Egyptian pound: LE EGP Piastre [B] 100 El Salvador: United States dollar $ USD Cent: 100 Bitcoin [5] ₿ (none) Satoshi: 100000000 Equatorial Guinea: Central African CFA franc: F.CFA XAF Centime: 100 Eritrea: Eritrean nakfa: Nkf ERN Cent: 100 Estonia ...
Currencies with an ISO 4217 code (like "USD "). The currency may be obsolete. The currency may be obsolete. For a list of the codes, see ISO 4217 § Active codes , § Historical codes .
In 2022, Namibia was the seventh largest exporter of charcoal globally, with total export volumes of over 280,000 tonnes and revenues of USD 75 million. [35] Other products from local encroacher biomass include bush-based animal fodder, [ 36 ] [ 37 ] wood-plastic composite materials, [ 38 ] thermal energy in a cement factory [ 39 ] and a ...