Saudi riyal namibian dollar exchange rate history (SAR NAD) December 2023

Saudi riyal namibian dollar history for December 2023. The highest quote for this month is 5.0909 (14/12/2023) and the lowest 5.0936 (14/12/2023). The difference between high and low is -0.05.

SAR NAD average rate for December 2023 is 4.97182, the change between 01/12/2023 and 31/12/2023 is +1.67 %.

01 December 2023	1 SAR = 4.991 NAD
03 December 2023	1 SAR = 4.967 NAD
04 December 2023	1 SAR = 4.959 NAD
05 December 2023	1 SAR = 4.965 NAD
06 December 2023	1 SAR = 5.06 NAD
07 December 2023	1 SAR = 5.04 NAD
08 December 2023	1 SAR = 5.00 NAD
10 December 2023	1 SAR = 5.06 NAD
11 December 2023	1 SAR = 5.06 NAD
12 December 2023	1 SAR = 5.09 NAD
13 December 2023	1 SAR = 5.09 NAD
14 December 2023	1 SAR = 5.09 NAD
15 December 2023	1 SAR = 5.09 NAD
16 December 2023	1 SAR = 4.894 NAD
17 December 2023	1 SAR = 4.892 NAD
18 December 2023	1 SAR = 5.09 NAD
19 December 2023	1 SAR = 4.876 NAD
20 December 2023	1 SAR = 4.877 NAD
21 December 2023	1 SAR = 4.874 NAD
22 December 2023	1 SAR = 4.874 NAD
23 December 2023	1 SAR = 4.909 NAD
24 December 2023	1 SAR = 4.919 NAD
25 December 2023	1 SAR = 4.893 NAD
26 December 2023	1 SAR = 4.894 NAD
27 December 2023	1 SAR = 4.965 NAD
28 December 2023	1 SAR = 4.907 NAD
29 December 2023	1 SAR = 4.908 NAD

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal Namibian dollar