NAD information
About Namibian Dollar (NAD)
The Namibian Dollar (NAD), introduced in 1993, symbolizes more than just the monetary unit of Namibia; it represents the country's journey towards economic independence and stability. It is commonly abbreviated as NAD and represented by the symbol N$. Replacing the South African Rand, which is still legal tender in Namibia, the Namibian Dollar marked a significant step in post-apartheid Namibia's development.
Historical Background
The introduction of the Namibian Dollar was a pivotal move in Namibia’s journey following its independence from South African rule in 1990. The new currency was a symbol of national sovereignty, crucial in fostering a distinct national identity and independent economic policy.
Design and Symbolism
The design of the Namibian Dollar reflects the country’s rich natural heritage, cultural diversity, and history. Banknotes feature images of prominent national figures, indigenous wildlife, and significant landmarks that celebrate Namibia's unique identity. These designs not only serve a practical purpose but also act as emblems of national pride and heritage.
Economic Role
The Namibian Dollar plays a central role in the nation’s economy, which is bolstered by mining, agriculture, and tourism. As the primary medium of exchange, it supports these sectors, enabling trade and investment, and is essential for the country’s financial stability and growth.
Monetary Policy and Stability
Managed by the Bank of Namibia, the Namibian Dollar is pegged to the South African Rand, reflecting the close economic ties between the two countries. This peg provides a measure of stability for the Namibian Dollar, but it also means that its value is closely tied to that of the Rand. The bank's policies aim to stabilize the currency and control inflation, crucial for maintaining economic confidence.
International Trade and the Namibian Dollar
In international trade, the value of the Namibian Dollar is crucial, especially for Namibia's exports, such as diamonds, uranium, and beef. A stable and competitive exchange rate is vital for maintaining export competitiveness and attracting foreign investment.
Remittances and Economic Impact
Remittances from Namibians working abroad, particularly in South Africa and other countries, are a significant source of foreign income. These remittances, converted into Namibian Dollars, play a substantial role in supporting households and contributing to the national economy.
CANDLE to NAD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.02186 | 0.0200% / 0.0320%VIP 7 |
How to buy Candle Cat
Buy CANDLE (or USDT) for NAD (Namibian Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell CANDLE (or USDT) for NAD (Namibian Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Candle Cat to Namibian Dollar?
Candle Cat to Namibian Dollar is falling this week.Conversion tables
The exchange rate of Candle Cat is decreasing.CANDLE to NAD
NAD to CANDLE
Today vs. 24 hours ago
Amount | 19:32 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 CANDLE | $0.0006203 | $0.0006431 | -3.55% |
1 CANDLE | $0.001241 | $0.001286 | -3.55% |
5 CANDLE | $0.006203 | $0.006431 | -3.55% |
10 CANDLE | $0.01241 | $0.01286 | -3.55% |
50 CANDLE | $0.06203 | $0.06431 | -3.55% |
100 CANDLE | $0.1241 | $0.1286 | -3.55% |
500 CANDLE | $0.6203 | $0.6431 | -3.55% |
1000 CANDLE | $1.24 | $1.29 | -3.55% |
Today vs. 1 month ago
Amount | 19:32 today | 1 month ago | 1M change |
---|---|---|---|
0.5 CANDLE | $0.0006203 | $0.0006923 | -10.40% |
1 CANDLE | $0.001241 | $0.001385 | -10.40% |
5 CANDLE | $0.006203 | $0.006923 | -10.40% |
10 CANDLE | $0.01241 | $0.01385 | -10.40% |
50 CANDLE | $0.06203 | $0.06923 | -10.40% |
100 CANDLE | $0.1241 | $0.1385 | -10.40% |
500 CANDLE | $0.6203 | $0.6923 | -10.40% |
1000 CANDLE | $1.24 | $1.38 | -10.40% |
Today vs. 1 year ago
Amount | 19:32 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 CANDLE | $0.0006203 | $0.00 | -88.88% |
1 CANDLE | $0.001241 | $0.00 | -88.88% |
5 CANDLE | $0.006203 | $0.00 | -88.88% |
10 CANDLE | $0.01241 | $0.00 | -88.88% |
50 CANDLE | $0.06203 | $0.00 | -88.88% |
100 CANDLE | $0.1241 | $0.00 | -88.88% |
500 CANDLE | $0.6203 | $0.00 | -88.88% |
1000 CANDLE | $1.24 | $0.00 | -88.88% |
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