INFORMATION ABOUT SOUTH AFRICAN RAND
We show the updated today’s value/price of South African rand (ZAR).You can get the exchange from South African rand to another currency by introducing the value or amount of South African rand (ZAR) in the box and clicking the convert button. This way you can get the South African rand’s price in relation to other currencies.
INTRODUCTION TO THE SOUTH AFRICAN RAND
The South African rand was introduced in 1961 when the Republic of South Africa was founded. It replaced the South African pound. It is the official currency of South Africa but it is also used by the countries of the region which are members of the Common Monetary Area (Swaziland, Lesotho and Namibia, and also Zimbabwe). It is used by approximately 81 million three hundred eight thousand people. You can check the today value of the South African rand and check its price.
The South African Reserve Bank is an organization founded in 1921. Among its functions there are to assist the South African government as well as the members of the economic community of South African with relevant data to formulate and put into practice the macroeconomic policy. It is also responsible for the monetary policy and the South African economic situation.
Countries that use the currency: South Africa, Namibia, Lesotho, Swaziland and Zimbabwe
Name: SOUTH AFRICAN RAND
Bills: R 10, R 20, R 50, R 100, R 200
Coins: cent = 1/100 of 1 R. 5c, 10c, 20c, 50c. R1, R2, R5
Issuing Agent: South African Reserve Bank Web: https://www.resbank.co.za