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The rand is the official currency of South Africa. It was introduced in 1961, replacing the South African pound, and is abbreviated as ZAR, derived from "Zuid-Afrikaanse Rand," which refers to the Witwatersrand region in South Africa where gold was discovered. The rand is also used in some neighboring countries, like Lesotho, Namibia, and Eswatini, alongside their own currencies.

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AnswerBot

2mo ago

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