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Much like their use in other countries, the terms "Fiver" (and rarely "an Edmund" after the image of Sir Edmund Hillary on the note), "Tenner", "Fiddy", and "Hundo" are used for a five-dollar, ten-dollar, fifty-dollar, and hundred-dollar note respectively. As in other countries, a sum of $1000 is known as a "grand".
Zuma's surprise sacking of Nene damaged international confidence in the rand, and the exchange rate was volatile throughout much of January 2016 and reached an all-time low of R17.9169 to the US dollar on 9 January 2016 before rebounding to R16.57 later the same day.
For identical names, the long scale proceeds by powers of one million, whereas the short scale proceeds by powers of one thousand. For example, the short scale "one billion" (in many languages other than English called "one milliard", even on the short scale) means one thousand million (1,000,000,000), whereas in the long scale, "one billion ...
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...
South African pound. This infobox shows the latest status before this currency was rendered obsolete. The pound (Afrikaans: pond; symbol £, £SA[1] for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised.
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 rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence. The coins bore the forward-facing portrait of Jan van ...
Mathematics portal; 1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, [1] long scale) is the natural number following ...
The kwacha (/ ˈkwætʃə /; ISO 4217: MWK, official name Malawi Kwacha[2]) is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency, namely the British pound sterling, the South African rand, and the Rhodesian dollar, that had previously circulated through ...