NAD to JMD

JMD - Jamaican Dollar (J$)

Jamaican Dollar

The Jamaican Dollar is the official currency of Jamaica. Jamaica is an island nation of the Greater Antilles. The new Jamaican Dollar differs from all other dollars in the British West Indies because it was based on the half-pound sterling. All other dollars were founded on either the US Dollar or the Spanish Dollar.

The Jamaican Dollar is the currency in Jamaica (JM, JAM). The symbol for JMD can be written J$. The Jamaican Dollar is divided into 100 cents. The exchange rate for the Jamaican Dollar was last updated on May 24, 2019 from Yahoo Finance. The JMD conversion factor has 5 significant digits.

Economy

• Jamaica is a mixed economy with state enterprises and private sector companies.
• The main sectors of the Jamaican economy are agriculture, mining, manufacturing, tourism, and financial services and insurance.
• Tourism and mining are the main sources of foreign exchange.
• Half of Jamaica's economy is based on services, and half of its revenues are from services such as tourism. An estimated 1.3 million foreign tourists visit Jamaica each year.

History

• The history of the Jamaican Dollar should not be seen in isolation from the British West Indies as a whole. Its unique feature was that it was the only territory in the British West Indies to use special issues of the British Pound Sterling, except for the four pence groat coin issued for all the British West Indies.
• Replacement coins valued at 1 cent (for 1.2 pence), 5 cents (for 6 pence), 10 cents (for1 shilling), 20 cents (for 2 shillings), and 25 cents (for 2 shillings 6 pence) were produced. With the exception of the United Nations small bronze penny, the compositions, sizes, and shapes of the coins were identical to those they replaced.
• The Jamaican Dollar value fluctuates, but in January 2011 it was at approximately 85 USD.

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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.

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