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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 decimalis
This is a list of circulating fixed exchange rate currencies, ... South African rand: 1 Macanese pataca: Hong Kong dollar: 1.03 Macedonian denar: Euro: 61.3644 (±1%)
4.3 Rand as exchange rate anchor. ... Toggle Pegged exchange rate within horizontal bands subsection. 8.1 Composite exchange rate anchor. 9 Other managed arrangement.
The 1 rand coin for circulation was introduced in 1967, followed by 2 rand coins in 1989 and 5 rand coins in 1994. Production of the 1 and 2-cent coins was discontinued in 2002, followed by 5-cent coins in 2012, primarily due to inflation having devalued them, but they remain legal tender.
South African rand: R ZAR Cent: 100 Ethiopia: Ethiopian birr: Br ETB Santim: 100 Falkland Islands: Falkland Islands pound £ FKP Penny: 100 Sterling £ GBP Penny: 100 Faroe Islands: Danish krone: kr DKK Øre: 100 Faroese króna: kr (none) Oyra: 100 Fiji: Fijian dollar $ FJD Cent: 100 Finland: Euro € EUR Cent: 100 France: Euro € EUR Cent ...
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand. The term "Tickey" was used as a nickname for the 3d coin. [1] It was also used for its replacement, the 2 1 ⁄ 2 c coin. [2]
South West African pound (1930s to 1961, replaced by South African rand) Southern Rhodesian pound (1896-1955, circulated also in Northern Rhodesia and Nyasaland; replaced by Rhodesia and Nyasaland pound) Sudanese pound (until 1992 and since January 2007) Tongan pound (1921–1966 Government of Tonga Treasury notes. 1967 replaced by the pa'anga ($))