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The South African rand, or simply the rand, (sign: R; code: ZAR [a]) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents. [ 1 ]
This template renders a South African currency value with a currency symbol, or optionally an ISO 4217 identifier (ZAR), linked to the South African rand article. {{ZAR|123.45}} produces R 123.45 (with a non-breaking space between the R and the value) {{ZAR}} produces R (simple currency article link)
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.
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar ).
The Ora (symbol: ะค, ) [1] is the local currency of Orania, an Afrikaner town in South Africa first issued in April 2004. It is pegged at par with the South African rand. [1] The name, recalling that of the town where it circulates, derives from Latin aurum, meaning "gold". [2] The currency is not sanctioned by the South African Reserve Bank.
The currency agreement made between these countries is one of the most important issues in the agreement. As issued before, each country has the right to have its own national currencies. These currencies are only legal tender in their own countries. However, the South African rand is tender throughout the CMA.
Yui Mok - WPA Pool/Getty Images. Princess Anne secured the top spot, yet again, with 217 royal engagements and a 2.4% increase from 2023, according to the report.November was her busiest month ...
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