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Money
Currency: The Namibian Dollar (NAD) has been introduced in note denominations of NAD200, 100, 50 and 10. Coins were also introduced in 1994 in denominations of NAD5 and 1. It is linked to the South African Rand (R) on a 1:1 basis (South African Rand = 100 cents). The South African Rand is also acceptable as currency in Namibia.
Currency exchange: Available in banks and at bureaux de change. A better rate of exchange can be obtained on travellers cheques than on cash.
Credit & debit cards: MasterCard, Diners Club, American Express and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or South African Rand.
Currency restrictions: The import and export of local currency is limited to NAD50,000. The import of foreign currency is unlimited, provided declared on arrival. Export of foreign currency is unlimited up to amount imported and declared as long as the departure is within 12 months.
Note: No limits exist for travel between Botswana, Lesotho, Namibia, South Africa and Swaziland as these countries are members of the same common monetary area.
Exchange rate indicators
The following figures are included as a guide to the movements of the Namibian Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 14.58 | 16.45 | 14.99 | 12.83 | | $1.00= | 10.01 | 10.82 | 9.48 | 8.06 |
Banking hours: Mon-Fri 0900-1530, Sat 0830-1100.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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