What is Namibian dollar?
{{Infobox currency | image_1 = Coins NAD 2005.jpg | image_title_1 = 10 cents, 50 cents, N$1, N$5 | iso_code = NAD | symbol_subunit_1 = c | date_of_introduction = 15 September 1993 | using_countries = {{NAM}} (alongside [[South African rand]] at a ratio of 1 Dollar to 1 Rand at par) | inflation_rate = 6.8% | inflation_source_date = ''[https://web.archive.org/web/20070613003823/https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2016 est. | pegged_with = [[South African rand]] at par | subunit_ratio_1 = {{frac|1|100}} | subunit_name_1 = [[Cent (currency)|cent]] | symbol = [[Dollar sign|$]], N$ | used_coins = 5c, 10c, 50c, N$1, N$5, N$10 | used_banknotes = N$10, N$20, N$30, N$50, N$100, N$200 | issuing_authority = [[Bank of Namibia]] | issuing_authority_website = www.bon.com.na }} The '''Namibian dollar''' (currency code: NAD; symbol: $ or N$) is the official currency of [[Namibia]]. The currency is abbreviated as N$, to distinguish it from other dollar-denominated currencies such as the [[United States dollar|United States Dollar]] (USD) and the [[Australian dollar]] (AUD). The Namibian dollar is issued and regulated by the [[Bank of Namibia]], which is the country's [[central bank]]. == History == The Namibian dollar was introduced on August 15, 1993. It replaced the [[South African rand]] (ZAR) at [[par]]. Namibia, a former [[Germany|German]] colony, was administered by South Africa under a [[League of Nations]] mandate after [[World War I]] until it gained [[independence]] in 1990. Following independence, Namibia established its own central bank, the Bank of Namibia, and began issuing its own currency. The decision to adopt a separate currency was driven by Namibia's desire to have greater control over its monetary policy and currency. The Namibian dollar is [[pegged]] to the South African rand at a 1:1 [[exchange rate]]. This arrangement provides stability to Namibia's economy, as [[South Africa]] is its largest trading partner, and the rand is widely accepted