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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.
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.
The Krugerrand ( / ˈkruːɡərænd /; [1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. [2] [3] The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse ...
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. The coins bore the forward-facing portrait of Jan van ...
The percentages above represent the proportion of all trades involving a given currency, regardless of which side of the transaction it is on. For example, the US dollar is bought or sold in 88% of all currency trades, while the euro is bought or sold in 31% of all trades.
ISO 4217. An airline ticket showing the price with ISO 4217 code "EUR" ( bottom left) and not with euro currency sign " € ". ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the ...
The Ora(symbol:Φ, [ˈʊəra])[1]is the local currencyof Orania, an Afrikanertown in South Africafirst issued in April 2004. It is peggedat 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 long and short scales are two of several naming systems for integer powers of ten which use some of the same terms for different magnitudes. [1] [2]Some languages, particularly in East Asia and South Asia, have large number naming systems that are different from both the long and short scales, such as the Indian numbering system and the Chinese, Japanese, or Korean numerals.