1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 2.3487 NAD (Namibia Dollar). It is the official currency of the Namibia, which is a country in southwest Africa. The currency NAD (Namibia Dollar) was introduced in 1993 to replace the South African Rand, after the country's independence in 1990. 1 NAD is sub-divided into100 Cents. The issue of the currency is controlled by the central bank, Bank of Namibia. The currency NAD (Namibia Dollar) is pegged to South African Rand at par.