ZAR (South African Rand)

The currency abbreviation for the South African rand (ZAR), the currency for South Africa. The South African rand is made up of 100 cents and is often presented with the symbol R. The rand comes from the word "Witwatersrand" which means "white waters ridge". Johannesburg, the location of the majority of South Africa's gold deposits, is located on this ridge.

The South African rand was first introduced at the same time as the Republic of South Africa was established. The rand replaced the South African pound at a rate of 2 rand to 1 pound.

From introduction until 1982, the rand was actually more valuable than the U.S. dollar, after which political pressure and sanctions caused the currency to lose value.


Investment dictionary. . 2012.

Look at other dictionaries:

  • South African rand — Suid Afrikaanse rand (Afrikaans) …   Wikipedia

  • South African pound — Infobox Currency currency name in local = Suid Afrikaanse pond af icon image 1 = image title 1 = iso code = using countries = South Africa subunit ratio 1 = 1/20 subunit name 1 = shilling subunit ratio 2 = 1/240 subunit name 2 = penny symbol = £… …   Wikipedia

  • Rand sud-africain — Unité monétaire moderne actuelle Rand sud africain Pays officiellement utilisateur(s) …   Wikipédia en Français

  • Rand (monnaie) — Rand sud africain Unité monétaire moderne actuelle Pays officiellement utilisateur(s)  Afrique du Sud …   Wikipédia en Français

  • Rand — may refer to a number of places, people, organizations, and acronyms:Places* Rand, New South Wales, a small town in Australia * Rand, Lincolnshire, a small village in Lincolnshire, England * Rand, Colorado, a small unincorporated community in… …   Wikipedia

  • ZAR — is a three letter abbreviation that may refer to:* South African rand, ISO4217 currency code, from Dutch Zuid Afrikaanse rand * South African Republic, from Dutch Zuid Afrikaanse Republiek * Zairean Airlines, Democratic Republic of the Congo* ZAR …   Wikipedia

  • ZAR — 7 [ZAR] abbreviation the written abbreviation for the South African ↑rand (= the national money of South Africa) • All prices listed are in ZAR …   Useful english dictionary

  • ZAR — South African Rand (Regional » Currencies) * Zero Assumption Recovery (Computing » General) * Zero Assumption Recovery (Computing » Security) * Zuid Afrikaanse Republiek (Regional » African) * Zuid Afrikaansche Republiek (Regional » Countries) *… …   Abbreviations dictionary

  • South Africa — Republic of, a country in S Africa; member of the Commonwealth of Nations until 1961. 42,327,458; 472,000 sq. mi. (1,222,480 sq. km). Capitals: Pretoria and Cape Town. Formerly, Union of South Africa. * * * South Africa Introduction South Africa… …   Universalium

  • Rand (Währung) — Rand Land: Südafrika (Lesotho, Swasiland, Namibia) Unterteilung: 100 Cent ISO 4217 Code: ZAR Abkürzung: R …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.