Convert Namibian Dollar to Tanzanian Shilling
Please provide values below to convert Namibian Dollar [NAD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Namibian Dollar.
How to Convert Namibian Dollar to Tanzanian Shilling
1 NAD = 0.00683496949482382 TZS
Example: convert 15 NAD to TZS:
15 NAD = 15 × 0.00683496949482382 TZS = 0.102524542422357 TZS
Namibian Dollar to Tanzanian Shilling Conversion Table
| Namibian Dollar | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.