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Yes, it is a currency. Unlike other currencies, its value changes with the spot price of gold. Other nations have issued gold coins, usually with a lower denomination than its value in gold. But, Krugerrands are unique because there is no value minted on them.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoAlthough the Krugerrand is minted in South Africa it is not really 'currency' but rather an investment.
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