Convert Namibian Dollar to Moroccan Dirham
Please provide values below to convert Namibian Dollar [NAD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Namibian Dollar.
How to Convert Namibian Dollar to Moroccan Dirham
1 NAD = 1.95005716949924 MAD
Example: convert 15 NAD to MAD:
15 NAD = 15 × 1.95005716949924 MAD = 29.2508575424886 MAD
Namibian Dollar to Moroccan Dirham Conversion Table
| Namibian Dollar | Moroccan Dirham |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.