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Encyclopedia > South African pound

The pound was the currency of South Africa between 1825 and 1961.


The pound sterling became the standard currency of South Africa in 1825 and British coins and banknotes circulated. Between 1892 and 1900, the "Republic of South Africa", a Boer state in Transvaal, issued its own currency equivalent to sterling, including gold coins inscribed "Een Pond" ("One Pound"). The pound sterling is the official currency of the United Kingdom (UK). ... Boer is the Afrikaans (and Dutch) word for farmer which came to denote the descendents of the Afrikaans speaking migrating farmers of the expanding eastern Cape frontier. ... Flag of Transvaal The Transvaal (lit. ...


In 1921, South Africa began to issue its own currency, denominated in £sd. The South African pound remained equal to the pound sterling throughout its existence. It was replaced in 1961 by the rand, at a rate of 1 pound = 2 rand. The term £sd (pron. ... The old R1 and new R10 bank notes The Rand is the currency of South Africa. ...


  Results from FactBites:
 
RATE-EXCHANGE.org - South Africa Currency / South African Rand (371 words)
The rand replaced the South African Pound upon the formation of the Republic of South Africa in 1961.
South Africa was a Dutch colony of most of its early existence, but was annexed by the British in 1805.
Upon the formation of the self-governing Republic of South Africa in 1961, the rand was adopted as the new national currency.
South African rand - Wikipedia, the free encyclopedia (904 words)
The rand is the currency of South Africa.
It replaced the South African pound as legal tender, at the rate of two rand per pound or ten shillings to the rand.
The rand is the currency of the Common Monetary Area between South Africa, Namibia, Swaziland and Lesotho.
  More results at FactBites »


 

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