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In 1920, Treasury gold certificate notes were issued in denominations of £1, £5, £100, £1,000 and £10,000, in Afrikaans and English script. From 1921, the South African Reserve Bank took over the issuance of paper money, introducing notes for 10/–, £1, £5, £20 and £100. £20 notes were last issued in 1933, with £10 notes added in 1943.
The rand takes its name from the Witwatersrand ("white waters' ridge" in English, rand being the Afrikaans and Dutch word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In English, Afrikaans and Dutch, the singular and plural forms of the unit ("rand") are the same: one rand ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
To try to resume stability, a version of the gold standard was reintroduced in 1925, under which the currency was fixed to gold at its pre-war peg, but one could only exchange currency for gold bullion, not for coins. On 21 September 1931, this was abandoned during the Great Depression, and sterling suffered an initial devaluation of some 25%. [83]
Malta also created a fractional unit worth 1 ⁄ 1000 of a pound, called the "mil", worth slightly less than a farthing (0.24 old pence). A new base unit (often called the "dollar") was created equal to ten shillings (half a pound), and subdivided into 100 fractional units, with one fractional unit (usually called the "cent") equal to 1 ⁄ 10 ...
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.
Dollar (British coin) 5/-£0.25: 1804–1811, (withdrawn 1818) [6] Silver, overstruck on Spanish 8 Reales coin. Crown: 5/-£0.25: 1551–1965. Sometimes known as "a dollar" – from the 1940s when the exchange rate was four USD to the GBP. Originally in gold until 1662 and in silver from 1551. Quarter guinea: 5/3: £0.2625: 1718, 1762. Five ...
Spanish pesos and U.S. dollars were also in use, and from 1841 to 1858 the exchange rate was fixed at $4 = £1 (or 400¢ = 240d). This made 25¢ equal to 15d, or 30 halfpence i.e. trente sous . In 1858, pounds, shillings, and pence were abolished in favour of dollars and cents, and the nickname sou began to be used for the 1¢ coin , but the ...