NAD to GBP
Currency conversion rates from NAD to GBP
|1 NAD||1 GBP|
|5 NAD||5 GBP|
|10 NAD||10 GBP|
|20 NAD||20 GBP|
|50 NAD||50 GBP|
|100 NAD||100 GBP|
|250 NAD||250 GBP|
|500 NAD||500 GBP|
|1000 NAD||1000 GBP|
|2000 NAD||2000 GBP|
|5000 NAD||5000 GBP|
|10000 NAD||10000 GBP|
|1 GBP||1 NAD|
|5 GBP||5 NAD|
|10 GBP||10 NAD|
|20 GBP||20 NAD|
|50 GBP||50 NAD|
|100 GBP||100 NAD|
|250 GBP||250 NAD|
|500 GBP||500 NAD|
|1000 GBP||1000 NAD|
|2000 GBP||2000 NAD|
|5000 GBP||5000 NAD|
|10000 GBP||10000 NAD|
GBP - British Pound (£)
The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.
The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.
Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.
- The United Kingdom is rated as the sixth-largest economy in the world.
- The main industries range from aerospace to financial services.
- Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
- Import products are foodstuffs, fuels, machinery, and manufactured goods.
- Unemployment is estimated at 7.6%.
- It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
- In 1552, silver coinage was introduced made of sterling silver.
- In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
- The first paper money was issued in 1694, after the Bank of England was established.
- In 1861, the gold standard was adopted again.
- In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
- In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
- In 1971, the Pound was changed to a free-floating currency.
- In 1976, the country had a Sterling crisis.
- In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
- In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
- The UK had the option to adopt the Euro in 1999, but declined.
NAD - 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.
- 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.
- 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.