NAD to TZS
Currency conversion rates from NAD to TZS
|1 NAD||1 TZS|
|5 NAD||5 TZS|
|10 NAD||10 TZS|
|20 NAD||20 TZS|
|50 NAD||50 TZS|
|100 NAD||100 TZS|
|250 NAD||250 TZS|
|500 NAD||500 TZS|
|1000 NAD||1000 TZS|
|2000 NAD||2000 TZS|
|5000 NAD||5000 TZS|
|10000 NAD||10000 TZS|
|1 TZS||1 NAD|
|5 TZS||5 NAD|
|10 TZS||10 NAD|
|20 TZS||20 NAD|
|50 TZS||50 NAD|
|100 TZS||100 NAD|
|250 TZS||250 NAD|
|500 TZS||500 NAD|
|1000 TZS||1000 NAD|
|2000 TZS||2000 NAD|
|5000 TZS||5000 NAD|
|10000 TZS||10000 NAD|
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.
TZS - Tanzanian Shilling (tzs)
The Shilling is the official currency of Tanzania, although the use of US Dollars is widely accepted. The Shilling is subdivided into 100 cents. The Tanzanian Shilling replaced the East African Shilling at par in 1966.
The Tanzanian Shilling is the currency in Tanzania (United Republic of Tanzania, TZ, TZA). The symbol for TZS can be written TSh. The Tanzanian Shilling is divided into 100 cents. The exchange rate for the Tanzanian Shilling was last updated on May 24, 2019 from Yahoo Finance. The TZS conversion factor has 5 significant digits.
- Tanzania has embarked on a major restructuring of state-owned enterprises. The program has so far divested 335 out of some 425 parastatal entities.
- Overall real economic growth has averaged about 4% a year, much better than in the previous 20 years, but not enough to improve the lives of average Tanzanians. The economy is heavily dependent on aid.
- Tanzania has an external debt of $7.9 billion. The servicing of this debt absorbs about 40% of total government expenditures.
- Tanzania has qualified for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) initiative. Debts worth over $6 billion were canceled following implementation of the Paris Club 7 Agreement.
- In 1966, coins were introduced in denominations of 5, 20, and 50 cents and 1 shilling. The 5-cent coin was struck in bronze, the 20-cent in nickel-brass, and the 50-cent and 1 shilling in cupro-nickel.
- Cupro-nickel 5-shilling coins were introduced in 1972, followed by scalloped, nickel-brass 10-cent coins in 1977. This First Series coins set, in circulation from 1966 to 1984, was designed by Christopher Ironside OBE.
- In 1987, nickel-clad steel replaced cupro-nickel in the 50-cent and 1-shilling coins, and cupro-nickel 5- and 10-shilling coins were introduced; the 5-shilling was octagonal.
- In 1990, nickel-clad-steel 5, 10, and 20 shilling coins were introduced, followed by brass 100-shilling coins in 1994, 50-shilling coins in 1996, and 200- shilling coins in 1998. The coins presently in circulation are the 50, 100, and 200 shillings.