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After 1996, the coins carried the name in one of the country's 11 new official languages. The 10, 20 and 50 cent coins were slightly redesigned by enlarging the numerals of the coin's denomination. From 2000 coins carried South Africa's new coat of arms. From 2002, R1, R2 and R5 coins carried the country's name in two of the official languages.
The Krugerrand (/ ˈ k r uː ɡ ə r æ n d /; [1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. [2] [3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the ...
The South African Republic (Zuid Afrikaansche Republiek), established under the Sand River Convention of 1852, was one of the two principal 19th century Boer republics. It was later to become the Transvaal, one of the four provinces of the Union of South Africa from 1910 to 1961, and a province of the Republic of South Africa from 1961 to 1994.
Value of the South African rand to the United States dollar from 1975 to 2015 by the blue columns: The percentage rate of change year-on-year is shown by the black line. [ 8 ] One rand was worth US$ 1.40 (R0.72 per dollar) from the time of its inception in 1961 until late 1971, and the U.S. dollar became stronger than South African currency for ...
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The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria , the mint manufactures coins and planchets for both domestic and international markets.
The South African Reserve Bank printed its first run of £1 (equivalent to £68.97 in 2023) notes in 1922. The Union of South Africa issued coins from 1923, in denominations of 1 ⁄ 4 d, 1 ⁄ 2 d, 1d, 3d and 6d, 1/–, 2/– (initially denominated as a florin), 2/6, £ 1 ⁄ 2 and £1.
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