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US Federal Reserve Bank historical exchange rate data; South African Currency Page, with a short description of each note. South African Currency Page (old rand), a short description of pre-1994 (apartheid-era) notes. Historical banknotes of South Africa (in English and German) Bank of England exchange rate ZAR vs GBP since 2001–present
The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961. The rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence.
The South African Reserve Bank restricts the exportation of Krugerrands by a South African resident to a non-resident to a maximum of R30,000 (about US$2,100 or €1,870 as of June 2018). Visitors to South Africa can export up to 15 coins by declaring the items to the South African Revenue Service. [21]
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a monetary union. The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the rand with the pula in 1976 as a means of establishing an independent monetary policy. The CMA facilitates trade and promotes ...
The pound (Afrikaans: pond; symbol £, £SA [1] for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised. In 1825, an imperial order-in-council made sterling coinage legal tender in all the British colonies.
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) [3] is the largest stock exchange in Africa. It is located in Sandton , Johannesburg , South Africa , after it moved from downtown Johannesburg in 2000.
The Hope Diamond is a large, 45.52-carat (9.104 g; 0.3211 oz), [a] [7] [8] [9] deep-blue diamond, studded in a pendant Toison d ’or. [1] It is a dark greyish-blue color under ordinary light due to trace amounts of boron within its crystal structure, and it exhibits a red phosphorescence under exposure to ultraviolet light.
The Baken diamond mine is a diamond mine located along the lower Orange River in South Africa. The mine is owned and operated by Lower Orange River Diamonds. The central processing plant has been operational at Baken since 2001. In 2004 the Baken mine produced 88,063 carats (17.6126 kg); average stone size for the year was 1.29 carats (258 mg).