Namibia (together with Lesotho, South Africa, and Swaziland) is a member of the Southern African Common Monetary Area, and the Namibian Dollar (NAD) is linked to the South African Rand at a 1:1 ratio (ZAR). In Namibia, both the Namibian Dollar and the South African Rand are legal currency, but change is typically provided in Namibian Dollars.
Banks in Namibia will exchange Namibian dollars into South African Rands without fee or documentation. Because any bank or currency exchange outside Namibia (even other members of the Common Monetary Area) would demand a significant service fee to convert currency, it is recommended that you utilize a Namibian Bank before leaving the country.
It is also a good idea to have evidence (for example, ATM receipts) that the money you are taking out of the nation is the money you brought in the first place.
All cities and villages have automated teller machines. But keep in mind that not everything on the Namibian map is a town. In Kunene Region, “Red Drum” is simply that, a red drum, while “Sossusvlei” is a clay pit, not a town. And, of course, no ATM. It is recommended to only utilize teller machines located inside a mall or other facility. Always take precautions to ensure that no one is watching you input your PIN, and be wary of common scams (for example, machines that seem to consume your card and refuse to return it after you enter the PIN).
Prices in stores are set, while prices in open markets or from street sellers are negotiable.
Many locals may approach you to purchase souvenirs in most places; a simple ‘no thanks’ will generally enough and they will leave you alone. It is customary to haggle. Try to purchase as much as you can from little businesses rather than larger ones—the it’s greatest way to assist the impoverished locals. Please do not purchase high-quality items such as cell phones or safari equipment from mobile sellers. They often deal in illegal products, and acquiring such items may land you in hot water.
Because the government does not want money transferred out of the nation, cross-border money transfer services are restricted and costly, with one of the lowest currency buying-and-selling rates in the world. In Namibia, there are just a few Western Union Money Transfer offices.