The national currency of South Africa is rand

In the state of South Africa, the status of the national currency is owned by South African rand. In addition, these banknotes are also used in other countries that include the Single Currency Area with this republic. These are Lesotho and Swaziland. To the South African rand is still attached the Namibian dollar rate. The fact is that until 1993, Namibia was also a member of the monetary union.

General information about the monetary unit

In the international banking system, the currency of South Africa is labeled ZAR. The monetary unit includes one hundred cents. For today, banknotes worth ten, twenty, fifty, one hundred and two hundred rands are used in transactions. Along with this in circulation are coins one, two, five, ten, twenty, fifty cents and one, two and 5 rand. It will be by the way to say that coins of one and two cents are not manufactured since 2002, but still enjoy operations legally.

Currency design

Today, the currency of South Africa is framed using images of the so-called Big Five African animals. So, on the obverse of the denominations of ten rand is the head of a white rhinoceros, twenty rands - an African elephant, fifty rands - a lion's head, a hundred rands on an obverse contain a buffalo, and two hundred rands - a leopard. The reverse part of the banknotes is framed using a variety of natural landscapes or industrial objects. In February 2012, the leadership of South Africa in the person of the President of the State, Jacob Zuma, announced the launch of a new type of banknote. On them is placed a portrait of the first black ruler of the Republic of Nelson Mandela.

On the obverse of the coins of South Africa are the state emblem, the year of manufacture, as well as the name of the state, put on one of the local dialects. These include Ndebele, Tsonga, Swazi, Soto and Spit. In addition, the inscriptions in Afrikaans and English are used. On the opposite side are minted various representatives of local fauna and flora. For example, in one cent, the currency of South Africa contains two sparrows sitting on a branch of mimosa, two cents you can see an image of an African eagle-screamer, and on five cents there is a paradise crane. In addition, a flower of a calla is displayed on ten cents, the twenty cent cents contains the image of a flower of royal protea, which is considered one of the main national emblems of South Africa. Also note the fifty-cent coin, one, two and five metal rands. They, accordingly, depict the royal strelitzia, springbok antelope, kudu antelope and wildebeest antelope.

Rand rate relative to other bank notes

At the moment, rand is in the status of a currency sign with limited conversion. 1 to 0.07 - so the currency is quoted in relation to the US dollar. The rate to the euro is 1 / 0.064. The South African currency rate to the ruble has 1 to 4.54. It will be by the way to say that rand enjoys great popularity among traders engaged in trading on platforms such as Forex. This is due to a number of circumstances. Among them, one should note significant changes in the exchange rate of this currency, which makes it possible to make good money on the difference. However, the risks in this case are significantly increased. Another attractive feature of the South African rand is its provision. Behind this currency is a powerful economy of South Africa. This country is rich in its minerals and at the moment is one of the most dynamically developing countries.

Conclusion

In conclusion, it should be noted that there are no restrictions on the import of currency into the Republic of South Africa. At the same time, documented information on the amount of imported funds should be provided. The currency of South Africa is allowed to be exported in an amount not exceeding the amount that was specified in the document upon entry. On the export of goods from the country, some restrictions are imposed, similar to those that operate in other countries, including Russia.