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Encyclopedia > Rand (currency)
The old R1 and new R10 bank notes
The old R1 and new R10 bank notes

The Rand is the currency of South Africa. It was first introduced in 1961, coinciding with the establishment of the Republic of South Africa. It replaced the South African Pound as legal tender. One Rand is divided into 100 cents. The Rand is available as 5 bills (R10, R20, R50, R100 and R200) and 9 coins (1c, 2c, 5c, 10c, 20c, 50c, R1, R2 and R5). Rand currency examples - South Africa File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1961 (As MAD Magazine pointed out on its first cover for the year) was the first upside-down year—i. ...


The first banknotes bore the image of Jan van Riebeeck the first Dutch administrator of Cape Town. In the 1990s, the notes were redesigned with images of indigenous big game animals, such as the rhinoceros, lion, leopard, buffalo, elephant, etc. Categories: Stub | History of the Netherlands | Dutch colonies ... Missing image The central area of Cape Town as seen from Table Mountain. ... The word indigenous is derived from the latin word indigena, meaning nativ, indigenous, aboriginal, and has several, related meanings: The native people of a place; see the article indigenous people. ... Species Ceratotherium simum Dicerorhinus sumatrensis Diceros bicornis Rhinoceros unicornis Coelodonta antiquitatis (extinct) A rhinoceros (commonly called a rhino for short) is any of five surviving species of odd-toed ungulate in the family Rhinocerotidae. ... Binomial name Panthera leo (Linnaeus, 1758) The Lion (Panthera leo) is a mammal of the family Felidae. ... Binomial name Panthera pardus (Linnaeus, 1758) Leopards (Panthera pardus) are one of the four big cats of the genus Panthera. ... A buffalo is one of several species of bovine. ... Genera and Species Loxodonta Loxodonta cyclotis Loxodonta africana Elephas Elephas maximus Stegodon (extinct) Deinotherium (extinct) Mammuthus (extinct) Elephantidae (the elephants) is the only extant family in the order Proboscidea. ...


In an effort to curb counterfeiting a new R5 coin was released in August 2004 as well as new banknotes in February 2005. Security features introduced on the coin include a bi-metal design (similar to the €1 and €2 coins, and the British £2 coin), a specially-serrated security groove along the rim and micro-lettering. The new notes also feature a number of new security features. 2004 : January - February - March - April - May - June - July - August - September - October - November - December See also: August 2004 in sports Deaths in August 2004 • 30 Fred Whipple • 26 Laura Branigan • 24 Elisabeth Kübler-Ross • 18 Elmer Bernstein • 15 Amarsinh Chaudhary • 14 Czesław Miłosz • 13 Julia Child • 8 Robert Bootzin • 8 Fay... 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Ongoing events • Iraqi legislative election • Bill C-38 (Canada gay marriage) • Tsunami relief Upcoming events • March 11: Red Nose Day 2005 in the UK. Deaths in February • 26 – Jef Raskin • 25 – Hugh Nibley • 25 – Peter Benenson • 21... The euro (EUR or €) is the currency of 12 European Union (EU) member states: ( Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain); four European micro-states: ( Andorra, Monaco, San Marino and the Holy See - Vatican City), as well as EU institutions. ... This article discusses the British Two Pounds coins, both the commemorative issues issued between 1986 and 1996, and the regular bimetallic circulation coin first issued in 1998, dated 1997, only. ...



Brief exchange rate history


The South African rand was stronger than the U.S. dollar from the time of its inception in 1961 until 1982, when mounting political pressure as well as sanctions placed against the country because of the government’s policy of apartheid started to erode its value. The currency broke above the $1=R1 level for the first time in March 1982 and continued to trade within the $1=R1 to $1=R1.30 range until June 1984 when the depreciation gained momentum. By February of 1985 it was trading at over R2 per dollar, and in July 1985 all foreign exchange trading was suspended for 3 days to try and stop the devaluation. The dollar is the name of the official currency in several countries, dependencies and other regions (see list below), including the US dollar, the worlds most widely circulated currency (see list below). ... 1961 (As MAD Magazine pointed out on its first cover for the year) was the first upside-down year—i. ... 1982 is a number and represents a common year starting on Friday of the Gregorian calendar Events January January 6 - William Bonin is convicted of being the freeway killer. January 8 - AT&T agrees to divest itself of twenty-two subdivisions January 11 - Mark Thatcher, son of the British Prime... Apartheid (International Phonetic Alphabet or in English and in Afrikaans) is the policy and the system of laws implemented and continued by White minority governments in South Africa from 1948 to 1990; and by extension any legally sanctioned system of racial segregation. ... 1984 is a leap year starting on Sunday of the Gregorian calendar. ... 1985 is a common year starting on Tuesday of the Gregorian calendar. ...


By the time that PW Botha - the then State President - made his famous Rubicon speech on the 15th of August 1985 it had weakened to R2.40 per dollar. The currency recovered somewhat in the 1986-1988 period, trading near the R2 level most of the time and even breaking beneath it sporadically. The recovery was short lived however, and by the end of 1989 the rand was trading at levels of more than R2.50 per dollar. P.W. Botha Pieter Willem Botha, (born January 12, 1916) commonly known as P.W. and as die groot krokodil (the great crocodile) was Prime Minister of South Africa from 1978 to 1984 and State President of South Africa from 1984 to 1989. ... From 1961 to 1994, South Africas head of state was called the State President or Staatspresident in Afrikaans. ... 1986 is a common year starting on Wednesday of the Gregorian calendar. ... 1988 is a leap year starting on a Friday of the Gregorian calendar. ... 1989 is a common year starting on Sunday of the Gregorian calendar. ...


As it became clear in the early 1990’s that the country was destined for black majority rule and one reform after the other was announced, uncertainty about the future of the country continued the trend of depreciation until the level of R3 to the dollar was breached in November 1992. 1992 is a leap year starting on Wednesday of the Gregorian calendar. ...


The currency has since been influenced by a host of local and international events, most notably the national elections in 1994 which saw it weaken to over R3.60 to the dollar, election of the new governor of the Reserve Bank, Tito Mboweni and the inauguration of President Thabo Mbeki in 1999 which saw it quickly slide to over R6 to the dollar and the controversial land reform program kicking off in Zimbabwe, followed by the September 11, 2001 attacks propelling it to its weakest historical level of R13.84 to the dollar in December 2001. 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... President Thabo Mbeki Thabo Mvuyelwa Mbeki (born June 18, 1942) is the President of the Republic of South Africa. ... 1999 is a common year starting on Friday of the Common Era, and was designated the International Year of Older Persons by the United Nations. ... The September 11, 2001 attacks were a series of coordinated terrorist attacks carried out in the United States on September 11, 2001. ... 2001 is a common year starting on Monday of the Gregorian calendar. ...


The sudden depreciation of the rand in 2001 led to an investigation into the depreciation of the currency, which in turn resulted in it making a dramatic recovery. By the end of 2002 the currency was trading at under R9 to the dollar again, and by the end of 2004 was trading at under R5.70 to the dollar. The currency has since softened somewhat and as of 7 May 2005 is trading at R6.05 to the dollar. 2004 is a leap year starting on Thursday of the Gregorian calendar. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ...

The old and new R5 coins
The old and new R5 coins


Quick facts about the currency Collage from images found on the South African reserve bank website. ...

  • Replaced the SA Pound in 1961 as legal tender.
  • Available as 5 bills and 7 coins as of 2005.
  • Minting of 1 and 2 cent coins was halted in April 2002.
  • The ISO currency code is ZAR, and the usual notation is the prefix R.
  • The currency was named after the Witwatersrand gold mining region.
  • The plural of rand is rand, it does not become rands.
  • The rand was stronger than the US Dollar until March 1982.
  • The strongest historic level: R1 bought US$1.49992 on the 5th of June 1973
  • The weakest historic level: $1 bought R13.84 on the 21st of December 2001
  • Exchange rate (7/05/2005): 1 USD = R6.05, 1 EUR = R7.74, 1 GBP = R11.44

Witwatersrand is a low mountain range which runs through Gauteng in South Africa. ... The United States dollar is the official currency of the United States. ... The euro (€; ISO 4217 code EUR) is the currency of twelve of the twenty-five nations that form the European Union (and four outside it, as well as Montenegro and Kosovo), which form the Economic and Monetary Union (EMU). ... GBP may be: short for Game Boy Player the ISO currency code for the British Pound Sterling. ...

External links

See also: Witwatersrand, Krugerrand
Witwatersrand is a low mountain range which runs through Gauteng in South Africa. ... A Krugerrand is a South African gold coin. ...

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Currencies of Africa
North Algerian dinar | Egyptian pound | Libyan dinar | Mauritanian Ouguiya | Moroccan Dirham | Sudanese dinar | Tunisian dinar
Central Burundi franc | Central African CFA franc (Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon)) | Congolese franc | Angolan Kwanza | Rwandan franc
West Cape Verde Escudo | Gambian Dalasi | Ghanaian Cedi | Guinean franc | Liberian dollar | Nigerian Naira | São Tomé and Príncipe Dobra | Sierra Leonean Leone | West African CFA franc (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)
East Comorian franc | Djiboutian franc | Eritrean Nakfa | Ethiopian Birr | Kenyan shilling | Seychelles Rupee | Somali shilling | Tanzanian shilling | Ugandan shilling
South Botswana Pula | Euro (Réunion) | Lesotho Loti | Malawian kwacha | Malagasy ariary | Mauritian Rupee | Mozambique Metical | Namibian dollar | Saint Helenian pound | South African Rand | Swaziland Lilangeni | Zambian Kwacha | Zimbabwe dollar

  Results from FactBites:
 
Rand (currency) - Wikipedia, the free encyclopedia (683 words)
The Rand is the currency of South Africa.
The Rand was stronger than the U.S. dollar from the time of its inception in 1961 until 1982, when mounting political pressure combined with sanctions placed against the country because of apartheid started to erode its value.
By the end of 2002, the currency was trading at under R9 to the dollar again, and by the end of 2004 was trading at under R5.70 to the dollar.
  More results at FactBites »


 

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