Convert Namibian Dollar to Turkish Lira
Please provide values below to convert Namibian Dollar [NAD] to Turkish Lira [TRY], or Convert Turkish Lira to Namibian Dollar.
How to Convert Namibian Dollar to Turkish Lira
1 NAD = 0.434381699624388 TRY
Example: convert 15 NAD to TRY:
15 NAD = 15 × 0.434381699624388 TRY = 6.51572549436582 TRY
Namibian Dollar to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.