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File:South_African_rand_-_2023_banknotes.jpg · Wikimedia Commons · See Wikimedia Commons

EntityQ181907· pop 72· linked from 1,560 articles

rand

Also known as South African rand

official currency of South Africa

AI overview

The rand is the official money used in South Africa for buying and selling goods and services. It matters because it's the standard currency that keeps South Africa's economy functioning and is used by millions of people in their daily transactions.

AI-generated from the Wikipedia summary — may contain errors.

Wikidata facts

Image: South Africa-Money-Old01.jpg

Show 5 more facts

Commons category: Money of South Africa
price: 0.071022
start time: 1961-02-14
unit symbol: R
conversion to standard unit: 0.1620220349967596

Sources (1)

wikidata.org

via Wikidata · CC0

~17 min read

Article

The South African rand, or simply the rand, (sign: R; code: ZAR) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents.

The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies (the dollar, the loti, and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par.