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
CodeZAR (numeric: 710)
Subunit0.01
Unit
Pluralrand
SymbolR‎
Denominations
Subunit
 1⁄100Cent
Symbol
 Centc
BanknotesR10, R20, R50, R100, R200
Coins10c, 20c, 50c, R1, R2, R5
 Rarely used1 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 bankSouth African Reserve Bank
 Websitewww.resbank.co.za
PrinterSouth African Bank Note Company
MintSouth African Mint
 Websitewww.samint.co.za
Valuation
Inflation7.5% (South Africa only)
 SourceSouth African Reserve Bank, Sept 2022
 MethodCPI
Pegged by Namibian dollar
Lesotho loti
Swazi lilangeni
(at par)
  1. ^ A Common Monetary Area member.
  2. ^ A Common Monetary Area member, used alongside Namibian dollar
  3. ^ A Common Monetary Area member, used alongside Lesotho loti
  4. ^ A Common Monetary Area member, used alongside Swazi lilangeni
  5. ^ Alongside Zimbabwean dollar (suspended from 12 April 2009 till 2019 now also known as Real Time Gross Settlement dollar).

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.


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  1. ^ "Summary of Acts Related to Decimal Comma" (PDF).