<Tr> <Th> Source </Th> <Td> The World Factbook, 2016 est . </Td> </Tr> <Tr> <Th> Pegged with </Th> <Td> South African rand at par </Td> </Tr> <P> The Namibian dollar (symbol: $; code: NAD) has been the currency of Namibia since 1993 . It is normally abbreviated with the dollar sign $, or alternatively N $to distinguish it from other dollar - denominated currencies . It is divided into 100 cents . </P> <P> 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 locally . Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993 . </P>

When did the currency of namibia first come into circulation