Timeline

• 01.08.1893
• Imperial commissioner's ordinance, declared British gold and silver coins (not copper) legal tender at a rate of 1 Pound Sterling = 20 German Reichsmark; effective immediately
• 15.12.1900
• Governor's ordinance on the introduction of German accounting and currency; effective 01.02.1901:
  - 31.07.1901: End of 6-months exchange period and demonetization of the British coinage.
  - 01.01.1906: British coins were re-admitted for payments at a rate of 1 British Pound = 20 German Reichsmark by proclamation of 15.11.1905.
• 15.11.1905
• Proclamation of the German colonial monetary order of 01.02.1905; effective 01.01.1906
• 08.08.1914
• Start of issuance of emergency paper money of 100, 50, 20, 10, 5 Reichsmark (referred to as "Seitz notes" after the ruling governor)

Timeline

• 01.01.1919
• Administrator's ordinance, declares the South African currencies sole legal tender; effective immediately
• 16.12.1920
• Ordinance [Debt Settlement Proclamation, No. 72] on the establishment of a Debt Settlement Board for the conversion of debts created before 09.07.1915 at a rate of 1 British Pound = 20 German Reichsmark; effective upon constitution of the board on 11.02.1921:
  - ??.??.1921: Ordinance [Debt Settlement (Further Amendment) Proclamation, No. 35] amending the 1920 ordinance; effective immediately
  - 09.12.1921: Ordinance [Debt Settlement (Extension and Amendment) Proclamation, No. 53] amending the 1920 ordinance; effective immediately
  - The Debt Settlement Board closed on 01.04.1922.
• ??.??.1922
• Ordinance [Legal Tender Proclamation, No. 3] on the legal tender status of the South African currency; effective 01.05.1922
  ??.??.1925: Ordinance [Legal Tender (Amendment) Proclamation, No. 13], amending the 1922 ordinance; effective immediately
• 12.09.1930
• Ordinance [Banks Proclamation, No. 29], permitted the paper money issuance by commercial banks; effective 01.10.1930:
  - Barclays Bank (Colonial, Dominion, Overseas): start of issuance on 01.06.1931
  - Standard Bank of South Africa: start of issuance on 31.10.1931
  - Volkskas Limited: start of issuance on 01.06.1949.
• 29.06.1959
• South African law [Decimal Coinage Act, No. 61] on the decimalization of the South African currency, §9 stated the applicability to Southwest Africa; effective 14.02.1961

Timeline

• 08.06.1990
• Law [Bank of Namibia Act, No. 8] on the establishment of a central bank, §19 vested the president with the authority for introducting a national currency; effective upon constitution of the bank on 01.08.1990
• 06.02.1992
• Namibia joined the agreement [Common Monetary Area Agreement] between South Africa, Lesotho, Swaziland on the common currency area in Southern Africa
• 20.07.1993
• Presidential decree [Proclamation "Determination of the monetary unit and symbols of the currency of Namibia", No. 19] on the introduction a national currency; effective 15.09.1993
• 15.09.1993
• Start of issuance of the new currency; South African paper money and coins remain legal tender

Valuation Regimes

• 1993-
• Fixed rate against South African Rand