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The Israeli New Sheqel (ILS) is the official currency of Israel, introduced in 1985 to replace the old Sheqel. It is subdivided into 100 agorot and is used for all monetary transactions within the country, playing a critical role in the Israeli economy and international trade.
The Namibian Dollar (NAD) is the official currency of Namibia, adopted in 1993 to replace the South African Rand at par. It is subdivided into 100 cents and is used primarily for domestic transactions, although the South African Rand is also accepted due to historical ties. The Namibian Dollar plays a crucial role in the economy by facilitating trade, investment, and everyday consumer transactions.