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The Philippine Peso (PHP) is the official currency of the Philippines, recognized by the symbol '₱'. It is subdivided into 100 centavos and serves as the medium of exchange for goods and services in the country, facilitating trade and economic activities.
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.