What is the name of the currency used in South Africa?
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2 Answers
The currency used in South Africa is the South African rand (ZAR).
The South African rand is the official currency of South Africa. It is denoted by the symbol "R" and is subdivided into 100 cents. The rand was introduced in 1961, replacing the South African pound. Banknotes come in denominations of 10, 20, 50, 100, and 200 rand, while coins are available in denominations of 10, 20, and 50 cents, and 1, 2, and 5 rand. The South African Reserve Bank is responsible for issuing and regulating the currency. The rand is also accepted as legal tender in the Common Monetary Area, which includes Lesotho, Namibia, and Eswatini.
The South African rand is the official currency of South Africa. It is denoted by the symbol "R" and is subdivided into 100 cents. The rand was introduced in 1961, replacing the South African pound. Banknotes come in denominations of 10, 20, 50, 100, and 200 rand, while coins are available in denominations of 10, 20, and 50 cents, and 1, 2, and 5 rand. The South African Reserve Bank is responsible for issuing and regulating the currency. The rand is also accepted as legal tender in the Common Monetary Area, which includes Lesotho, Namibia, and Eswatini.