Namibian Dollar

The currency of Namibia. It was introduced in 1993, replacing the South African rand. It is pegged to the rand at par; because of this, both the dollar and the rand are accepted as legal tender in Namibia.

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When Junior Achievement Namibia informed me of the news that I was to be one of four girls to attend a Leadership Achievement Empowerment and Development (LEAD) Camp in Lagos, Nigeria, the first thing that came into my mind was "what am I going to buy in that country," as I thought of the high exchange rate of the Nigerian Naira to our Namibian Dollar. But when I landed at Lagos airport I discovered that I had a completely different picture in mind.

Young women learn to lead

* Currency: The Namibian dollar (N$) is fixed and equals the South Africa Rand which is also legal tender throughout Namibia

Namibia at a glance

The 12 percent rise in the value of the national currency (the Namibian dollar) relative to the US dollar contributed to an increase in real income.

NAMIBIA- A GEM IN THE ROUGH

The fortunes of the Namibian dollar are not a vital focus of George Soros or likeminded students of arcane currencies.

We're fighting back - to coin a phrase; Deputy Business Editor Philip Williams reports on how Birmingham Mint is prepared to take a fight with its Royal namesake all the way

time zone: GMT +1hr currency: Namibian Dollar EUR1 = 10.4 best time to go: Year-round but the months of April and May usually have some especially delightful weather

A click getaway; MICHAEL MARTIN TRAVELS TO THE KALAHARI DESERT AND MEETS THE NAMIBIAN BUSHMEN WHO HAVE A REMARKABLE LANGUAGE WILD'S AT HEART.

Namibia Population 2.1m Capital Windhoek Area 823,145k[m.sup.2] Monetary unit Namibian dollar (N$7.2 = $1.00, 2011 average) GDP: (PPP) $16.5bn GDP per $8,200 PPP capita Real GDP 4.4% growth Inflation 6.9% (March 2012) Natural Diamonds, uranium, resources zinc, gold, copper, lead, tin, fluorspar, salt, fisheries and wildlife Agricultural Livestock and meat production products, crop farming and forestry, fish and fish products Mining Gem-quality diamonds, uranium, zinc, copper and other minerals Exports Diamonds, uranium, zinc, copper, lead, beef, cattle, fish, karakul pelts, grapes ($3.34bn) Imports Foodstuffs, construction materials, manufactured goods - ($4.11bn) Major trading South Africa, partners Angola, Botswana, Germany, UK, US Total external $2.22bn debt

Orchid in the sand

Drastic cuts in fishing quotas are spelling more trouble for the sector, already fighting a financial crisis brought about by an overheated Namibian dollar and oil price hikes.

Fisheries: Namibian industry in deep water ..

We had some worries about the weakening of the Rand and the Namibian dollar, but the physical equipment is still priced within the range of a household appliance, and although the cost has increased slightly, we see no reduction in demand."

NawaSat in high demand

The solid rand is supporting the Namibian dollar, Lesotho's maluti and Swaziland's lilangeni, which are 100% pegged to the South African unit.

African currencies show resilience: one of the most surprising aspects of international finance has been the resilience of African currencies despite global foreign exchange volatility

The Namibian Dollar has depreciated by about 18% to the US Dollar since the beginning of this year.

Fed's balance sheet holds potential for worldwide disruption

The Namibian operation was hard hit last year by the strengthening of the South African currency, to which the Namibian dollar is tied in the rand-led common monetary area.