Search results
Results From The WOW.Com Content Network
1 ⁄ 2 c, 1 c and 5 c coins issued between 1961 and 1964 1 R and 2 R coin issued from 1961 to 1983. The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961.
The South African rand, or simply the rand, (sign: R; code: ZAR [a]) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c"), and a comma separates the rand and cents. [ 1 ]
The Krugerrand (/ ˈ k r uː ɡ ə r æ n d /; [1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint.
The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank.Located in Centurion, Gauteng near South Africa's administrative capital Pretoria, the mint manufactures coins and planchets for both domestic and international markets.
(Bloomberg) -- South African Finance Minister Enoch Godongwana has his work cut out to calm frayed investor nerves over the country’s outlook, if rand and bond movements are anything to judge by ...
[1] [2] Although the South African rand is legal tender across the CMA, the other member states issue their own currencies exchanged at par with it: the Lesotho loti, Namibian dollar and Swazi lilangeni. Foreign exchange regulations and monetary policy throughout the CMA continue to reflect the influence of the South African Reserve Bank.
Rand Refinery (Pty) Limited is the world's largest integrated single-site precious metals refining and smelting complex. It was established in 1920 to refine gold within South Africa , which had previously been refined in London .
In line with this policy, the Financial Rand itself was abolished in 1983 and non-residents could repatriate the majority of their South African investments via the Commercial Rand. This easing was, however, short-lived and the Financial Rand system was re-introduced on 1 September 1985.