What is the current currecy of South Africa?

Answer 1

The Gross Domestic Product per capita in South Africa was last reported at 3825 US dollars in 2011, according to a report published by the World Bank.

Answer 2

Gross National Product in South Africa increased to 2021435 ZAR Million in the third quarter of 2012 from 2001470 ZAR Million in the second quarter of 2012. Gross National Product in South Africa is reported by the South African Reserve Bank. Historically, from 1960 until 2012, South Africa Gross National Product averaged 1024229.13 ZAR Million reaching an all time high of 2021435 ZAR Million in August of 2012 and a record low of 355030 ZAR Million in February of 1960

The value for Gross national income (constant LCU) in South Africa was R1,797,740,000,000 as of 2009. Over the past 49 years this indicator reached a maximum value of R1,818,410,000,000 in 2008 and a minimum value of R345,163,000,000 in 1960.

Definition: Gross national income is derived as the sum of GNP and the terms of trade adjustment. Source: World Bank national accounts data, and OECD National Accounts data files.

Answer 3

The current currency of South Africa is the South African Rand. One rand is worth about one seventh of a US Dollar, though this varies daily. The international abbreviation for the Rand is ZAR,

It is named after the Witwatersrand (White Waters Ridge) where a huge quantity of gold was discovered in South Africa. So the word "Rand", which is Afrikaans and Dutch means Ridge in English.

Just for interest the Dollar was also named for a geographical feature. It was named for a valley, Joachims Thaler, which was a Roman silver mine. The word for valley, Thaler, was slowly corrupted into Dollar. The nearest related English word is Dale, as in "Hills and Dales" also meaning valley.

Answer 4

A currant is a small pithless raisin, but that is probably not what the person asking the question means.

If a current is meant, there are actually more than one main sea current lapping the South African shores and these are the relatively warm Mozambique/Algulhas Current (in the Indian ocean) and the cold Benguela Current (in the southern Atlantic Ocean).

If currency is meant, the basic currency (monetary unit) of South Africa is the rand, divided into 100 cents.

Answer 5

South Africa's GNP Ranking is 30th