The Namibian dollar is the official currency of Namibia, a country located in southern Africa. It was introduced in 1993 to replace the South African rand as the country's official currency. The symbol for the Namibian dollar is N$ and its ISO code is NAD. The Namibian dollar is pegged to the South African rand, meaning the exchange rate is fixed at 1:1. This makes it easy for Namibia to conduct trade with its neighboring countries, particularly South Africa.