South African Rand (ZAR) Exchange Rates

ISO 4217 Code

ZAR

Central Bank

South African Reserve Bank

Website

www.reservebank.co.za

Official users

South Africa
Lesotho
Namibia

Unofficial users

Swaziland
Zimbabwe

Sub-unit

1/100 Cent

Plural

Rand

Coins in use

5c, 10c, 20c, 50c, R1, R2, R5

Banknotes in use

R10, R20, R50, R100, R200

Mint

South African Mint

Website

www.samint.co.za

The South African Rand is the currency used by the Republic of South Africa. It was first introduced in 1961 as a replacement for the South African Pound as, in the same year, the Republic of South Africa gained its independence from the British. To acclimatise the people to this new currency the South African government used a mascot called Decimal Dan the ‘Rand-Cent Man’.

The Rand is also the main currency used by the Common Monetary Area, an organisation that includes South Africa, Lesotho and Swaziland. The country of Namibia withdrew itself from the group but the Rand is still an acceptable tender in the nation.