List
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ISO 4217 | |
Code | ZAR (numeric: 710) |
Subunit | 0.01 |
Unit | |
Plural | rand |
Symbol | R |
Denominations | |
Subunit | |
1⁄100 | Cent |
Symbol | |
Cent | c |
Banknotes | R10, R20, R50, R100, R200 |
Coins | 10c, 20c, 50c, R1, R2, R5, Krugerrand |
Demographics | |
Official user(s) | South Africa[a] Namibia[b] Lesotho[c] Eswatini[d] |
Unofficial user(s) | Angola Malawi Zambia Zimbabwe[e] |
Issuance | |
Central bank | South African Reserve Bank |
Website | www |
Printer | South African Bank Note Company |
Mint | South African Mint |
Website | www |
Valuation | |
Inflation | 7.5% (South Africa only) |
Source | South African Reserve Bank, Sept 2022 |
Method | CPI |
Pegged by | Namibian dollar Lesotho loti Swazi lilangeni (at par) |
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The South African rand, or simply the rand, (sign: R; code: ZAR[a]) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c") and the rand and cents are separated by a comma.[1]
The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par.
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