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Facts about the South African Rand
The south African rand (ZAR) is the national currency of South Africa. It is issued and monitored by the South African Reserve Bank (SARB). ZAR stands for Zuid-Afrikaanse Rand (in Dutch), which is the place where the country’s main gold deposits are situated. South African rand consists of 100 cents and is represented by the R symbol. Up until the end of the apartheid regime in the 1990s, the majority of ZAR banknotes depicted the important leaders of this notorious regime. However, after political changes, the country issued some banknotes depicting the county’s wildlife and its glorious leader Nelson Mandela.
FAQ
What does ZAR mean in currency?
What is the symbol of the South African Rand?
What Makes the South African Rand Important?
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Is ZAR a good investment?
South African Rand Stats
Name
ZAR
Symbol
R
Minor unit
1/100 cents
Minor unit symbol
cents
Bank notes
10, 20, 50, 100, 200
Forex Investing
South African Rand Exchanges Rates
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