ARS to NAD

ARS - Argentine Peso ($)
NAD - Namibian Dollar ($)
1 ARS1 NAD

Currency conversion rates from ARS to NAD

ARSNAD
1 ARS1 NAD
5 ARS5 NAD
10 ARS10 NAD
20 ARS20 NAD
50 ARS50 NAD
100 ARS100 NAD
250 ARS250 NAD
500 ARS500 NAD
1000 ARS1000 NAD
2000 ARS2000 NAD
5000 ARS5000 NAD
10000 ARS10000 NAD
NADARS
1 NAD1 ARS
5 NAD5 ARS
10 NAD10 ARS
20 NAD20 ARS
50 NAD50 ARS
100 NAD100 ARS
250 NAD250 ARS
500 NAD500 ARS
1000 NAD1000 ARS
2000 NAD2000 ARS
5000 NAD5000 ARS
10000 NAD10000 ARS

ARS - Argentine Peso ($)

Argentine Peso

The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.

The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.

Economy

  • Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
  • From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
  • From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
  • From 1983 to 1991, the Peso was replaced by the previous currencies.
  • In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
  • After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.

History

  • Argentina’s economy is rated as a higher middle economy.
  • The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
  • During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
  • The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
  • Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
  • Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.

More information about ARS - Argentine Peso ($)


NAD - Namibian Dollar ($)

Namibian Dollar

The Namibian Dollar is the official currency of Namibia. After the country gained its independence in 1990, the Dollar was introduced in 1993 to replace the South African Rand. The Rand is still legal tender, since the Namibia Dollar is pegged to the Rand.

The Namibian Dollar is the currency in Namibia (NA, NAM). The symbol for NAD can be written N$. The Namibian Dollar is divided into 100 cents. The exchange rate for The Namibian Dollar was last updated on May 24, 2019 from Yahoo Finance. The NAD conversion factor has 5 significant digits.

Economy

  • Namibia’s economy is dependent on mining and developing minerals for export.
  • Mining accounts for 20% of Namibia’s GDP. Its valuable diamond deposits make Namibia the primary source of gem-quality diamonds.
  • Namibia is the fourth-largest exporter of non-fuel minerals in Africa, produces large amounts of zinc, lead, tin, tungsten, and silver, and is the fifth-largest uranium producer.
  • Almost half of the population depends on agriculture for survival.
  • Privatization of Namibian enterprises is one of the reasons for future investment.

History

  • The South African Rand was the official currency from 1920 to 1990. The Rand is still considered legal tender in Namibia; the Namibia Dollar is pegged to the Rand at a rate of 1:1.
  • Namibia was a member of the Common Monetary Area after it gained independence in 1990 until the introduction of the Namibia Dollar in 1993.
  • In September 15, 1993, the first banknotes were issued by the Bank of Namibia; the first coins were introduced in December of the following year.

More information about NAD - Namibian Dollar ($)