ZAR – South African Rand

South African Rand Overview

The South African Rand is the official currency of South Africa. Exchange rate USD to ZAR display the popularity of ranking of South Africa currency.It is abbreviated by ZAR and use symbol is “R”. The rand is split into 100 cents in which use sign “c”.

South Africa currency was introduced on February 14, 1961, once the Republic of South Africa was established. In 1826 once was the sovereignty of British, the province was unbroken on a sterling basis, though alternative currencies, together with USA greenbacks, Spanish greenbacks, French Francs and Indian Rupees continuing to flow into.The banking company of South Africa was supported because of the financial institution in 1921. In 1961, the South African Rand replaced the Pound below a decimalized system. The quantitative relation was a pair of ZAR to one GBP.

Role of Currency :

Currency Code: ZAR
Currency Symbol: R & c
Authority: Reserve Bank of South Africa
Currency Issued Date: 196
Using currency all Bank Notes: R 10, R 20, R 50, R 100, R 200

Bank Notes Denominations Range: From 10 to 200
Using currency all Bank Coins: 10c, 20c, 50c, R 1, R 2, R 5

Bank Coins Denominations Range: From 1 to 50

Currency Facts

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