South African rand

South African rand

List 10 other official names: Suid-Afrikaanse rand (Afrikaans) iRanti yeSewula Afrika (Southern Ndebele) iRanti yoMzantsi Afrika (Xhosa) iRandi laseNingizimu Afrika (Zulu) liRandi laseNingizimu Afrika (Swazi) Ranta ya Afrika Borwa (Northern Sotho) Ranta ya Afrika Borwa (Sotho) Ranta ya Aforika Borwa (Tswana) Rhandi ya Afrika-Dzonga (Tsonga) Rannda ya Afurika Tshipembe (Venda)
ISO 4217
Code	ZAR (numeric: 710)
Subunit	0.01
Unit
Plural	rand
Symbol	R‎
Denominations
Subunit
1⁄100	Cent
Symbol
Cent	c
Banknotes	R10, R20, R50, R100, R200
Coins	10c, 20c, 50c, R1, R2, R5
Rarely used	1 cent, 2 cents (discontinued 2002) and 5 cents (discontinued 2012)
Demographics
Official user(s)	South Africa[a]  Namibia[b]  Lesotho[c]  Eswatini[d]
Unofficial user(s)	Angola  Malawi  Zambia  Zimbabwe[e]
Issuance
Central bank	South African Reserve Bank
Website	www.resbank.co.za
Printer	South African Bank Note Company
Mint	South African Mint
Website	www.samint.co.za
Valuation
Inflation	2.9% (South Africa only)
Source	StatsSA , Dec 2024
Method	CPI
Pegged by	Namibian dollar Lesotho loti Swazi lilangeni (at par)
^ A Common Monetary Area member. ^ A Common Monetary Area member, used alongside Namibian dollar ^ A Common Monetary Area member, used alongside Lesotho loti ^ A Common Monetary Area member, used alongside Swazi lilangeni ^ Alongside Zimbabwean ZiG.

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 South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the pula replaced the rand at par.

The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the euro, the pound sterling, the US dollar, and the Zimbabwean ZiG.

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