ZAR


Written By: Ehsan Jahandarpour

The Rand (sign: R; code: ZAR) is the currency of South Africa. The rand has the symbol “R” and is subdivided into 100 cents, symbol “c”. The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand. (South African rand). The rand is the currency of the Common Monetary Area between South Africa, Swaziland and Lesotho. Although Namibia withdrew from this union, the rand is still legal tender there. Historical users of the South African rand included South-West Africa and the nominally independent bantustans under the apartheid system: Bophuthatswana, Ciskei, Transkei and Venda.