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The National Bank of the ZAR issued £1 notes between 1892 and 1893. During the Second Boer War , government notes were issued in denominations of £1, £5, £10, £20, £50 and £100. In 1920, Treasury gold certificate notes were issued in denominations of £1, £5, £100, £1,000 and £10,000, in Afrikaans and English script.
These coins depict the portrait of the President Kruger. The name of the Republic was the Zuid-Afrikaansche Republiek, which was abbreviated as ZAR on the obverse of the 1d, the 2 1 ⁄ 2 s, the 5s, the 1/2 pond, and the 1 pond. The coins of the 1892 issue were struck at the Royal Prussian Mint in Berlin.
Among the English speaking communities "Bucks" is commonly used to refer to Rands (South African Currency). Less commonly used is the Afrikaans slang for Rands which is "Bokke", the plural of Bok; The Afrikaans word for antelope ("Bucks" being the English equivalent), derived from the Springbok image on the old R 1 coin. e.g. R 100 = 100 Bucks ...
The French "franc", introduced in 1360, was the first coin anywhere to represent exactly £1 and the gold "sovereign", first minted in 1489, was the first English £1 coin. Although the £sd system remained intact in ledger accounting, the variety of new coins of various multiples and qualities led to common expression of quantities in terms of ...
They set up an infrastructure of financing and industrial consolidation which they then applied to exploit the discoveries of gold from 1886 in Transvaal at Witwatersrand — the "Rand". Once based in the Transvaal, many set up residence in the mansions of Parktown. Many of the Randlords received baronetcies in recognition of their contributions.
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The 1978 series began with denominations of 2, 5, 10, and 20 rand, with a 50 rand introduced in 1984. This series had only one language variant for each denomination of note. Afrikaans was the first language on the 2, 10, and 50 rand, while English was the first on the 5 and 20 rand. A coin replaced the 1 rand note.
Following the 2007–2008 financial crisis, sterling depreciated sharply, declining to £1 to US$1.38 on 23 January 2009 [118] and falling below £1 to €1.25 against the euro in April 2008. [119] There was a further decline during the remainder of 2008, most dramatically on 29 December when its euro rate hit an all-time low at €1.0219 ...