ZAR meaning in Country Currency ?

Country Currency Miscellaneous in Country Currency . 2 months ago

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What is South African Rand mean?

The rand (sign: R; code: ZAR) is the official currency of South Africa. It is subdivided into 100 cents (sign: "c").

The South African rand is also legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini. Although these three countries each have their own national currency (the dollar, the loti and the lilangeni respectively), all three have been pegged with the rand at par since their introductions, and the rand is still widely accepted as a substitute for them. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par.

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Posted on 23 Nov 2024, this text provides information on Country Currency related to Miscellaneous in Country Currency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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