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The South African rand, or simply the rand, ( sign: R; code: ZAR [a]) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar ), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni ).
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, ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others.
1961–1964. 1⁄2 c, 1 c and 5 c coins issued between 1961 and 1964. 1 R and 2 R coin issued from 1961 to 1983. 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 ...
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 ...
South African pound. This infobox shows the latest status before this currency was rendered obsolete. 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 decimalised.
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.
The national debt of South Africa is the total quantity of money borrowed by the Government of South Africa at any time through the issue of securities by the South African Treasury and other government agencies. South African national government budget breakdown for 2019/20. Budget short falls such as the area on the income line outlined with ...
Largest economies in the world by GDP (nominal) in 2024 according to International Monetary Fund estimates [n 1] Countries by estimated nominal GDP in 2024. [n 2] > $20 trillion $10–20 trillion $5–10 trillion $1–5 trillion $750 billion – $1 trillion $500–750 billion $250–500 billion $100–250 billion $50–100 billion $25–50 billion $5–25 billion < $5 billion Gross domestic ...
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