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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 coins bore the forward-facing portrait of Jan van Riebeeck on the obverse.
A map of indigenously made pre-colonial African currencies and their respective minting states. In pre-colonial times, many objects were sometimes used as currency in Africa. These included shells, [1] ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others.
On 14 September 1966, the Kenyan shilling replaced the East African shilling at par, although the latter was not demonetised until 1969. The Central Bank of Kenya issued notes in denominations of 5/=, 10/=, 20/=, 50/= and 100/=. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and ...
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 ]
In Kenya there are about 42 different languages, which have different dialects and indigenous names for money, in addition to the official National languages of Swahili and English. In English, Kenyan currency is a Shilling while in Swahili it is "Shilingi". (Indeed, all East African countries refer to their money as Shillings. [citation needed])
The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. [2] It was issued by the East African Currency Board . It is also the proposed name for a common currency that the East African Community plans to introduce.
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
There would also be South African rand coins of 10, 20, 50 cents, 1, 2, 5 rands. The RBZ's statement did not specify when or where these coins would be imported from, but a later report on 26 November 2014 clarified that over $40 million worth of these coins were expected to be delivered within the next week from Pretoria .