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Rand money was introduced with the end of links to the British Empire. South Africa became a republic in 1961, and introduced its own currency at that time. The Rand is a decimal currency, unlike the Pound at that time which used historical subdivisions of 12 pennies to a shilling and 20 shillings to a Pound.
The UK Queens's head was replaced on currency with the head of Jan van Riebeeck, an otherwise undistinguished Dutch civil servant who founded the Dutch colony in the Cape of Good Hope.
More recently South African currency has the heads of the BIG FIVE game animals, sensibly making the banknotes non-political.
The Rand was initially similar in value to the ten shilling note, or two Rand to one Pound, but has since drifted to the region of twelve or thirteen Rand to one Pound.
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Why should people buy things from South Africa?
Because South Africa is poor, and they need money
Money used in Johannesburg South Africa?
Rand
Are there hsbc banks in South Africa?
hdfc south africa branch we money transfer
What money does Cape Town use?
The official currency of South Africa is the Rand (ZAR).
How long does it take to transfer money to south Africa from America?
7
Does Africa work on a barter system or a money system?
It depends on where you are in Africa, some places with unstable official currencies such as Zimbabwe use mostly a barter system, but some areas like South Africa have a stable currency and use a money system.
What kind of money do they use in Newcastle South Africa?
Newcastle, South Africa, uses the South African Rand.
What kind of money does South Africa have?
South African Rand.
What does south Africa call money?
The South African Rand.
Why should people buy things from South Africa?
Because South Africa is poor, and they need money
What is South Africa's money?
Rands (ZAR)
The name of South Africa's money?
the rand
How do they say money in south Africa?
Mikleele
What form of money is used you in south Africa?
The South African Rand
Where did south africa get their money?
They got their money from the discovery of gold and diamonds.
What money do they have in South Africa?
The unit of currency in South Africa is the RAND.One rand is divided into one hundred cents.
Which country uses the Rand as money?
South Africa
