South African rand

1 EUR = 14.474 ZAR 100 ZAR = 6.9087 EUR

1 CHF = 11.862 ZAR 100 ZAR = 8.4301 CHF

The Rand is the currency of the Republic of South Africa. The edge is divided into 100 cents. The symbol for the edge is R, which for c cents. The ISO code is ZAR ( Zuid- Afrikaanse from the Dutch border). By 1993, the border also the currency in Namibia and South West Africa was previously. The Namibian dollar is then introduced so far to the edge coupled in a 1:1 ratio.

In circulation are banknotes of 200, 100, 50, 20 and 10 edge and coins of 5, 2 and 1 edge and 50, 20, 10, 5, 2 and 1 cents. The 1 - and 2-cent coins were withdrawn from circulation in 2005; Amounts are rounded to the nearest 5 cents.

Name

The plural of the edge is also marginal. The name of the currency is derived from the initials of the gold-rich Witwatersrand region.

Currency

The edge replaced the South African pound as legal tender in 1961, South Africa joined with the neighboring countries of Lesotho and Swaziland a monetary union, according to which the edge is accepted as a second currency in the neighboring kingdoms.; the units of currency in Swaziland Lilageni and Loti in Lesotho have the same value as the South African rand.

On June 5, 1973, the exchange rate was at its highest when an edge was worth 1.49992 U.S. dollars. By March 1982, the border was worth more than the U.S. dollar. The historical low point was reached on 21 December 2001 with an exchange rate of 1 U.S. $ 13.84 to edge. For the South African Rand was from 1961 to 1983 and from 1985 and 1995, referred to as Financial edge bipartite exchange rate system, funded by the investments in the country and the outflow of capital from the country should be inhibited. The price difference was at times more than 60 percent.

The embossed since 1967 Krugerrand gold coins are nominally in South Africa as a currency where they are in reality only as bullion coins. In 1993, Namibia 's own currency, the Namibian dollar, but leaves since then with a 1:1 parity of the edge as the official currency.

Banknotes and coins

The first banknotes were introduced in 1961 in denominations of 1, 2, 10 and 20 rim. To ease the transition, they had a similar design as the predecessor pound notes. They carried a picture of Jan van Riebeeck, the first administrator of the East India Company in Cape Town. As with the last pound notes, there was the new margin notes in two versions, an English with a front page text and Afrikaans with a front. This practice was continued until 1966.

The embossed 1961-1983 1 - and 2- edge - pieces are made of 916/1000-Gold and correspond in size and fineness of the British Pound and Half Pound sovereigns.

The new 1978 series of banknotes started with 2 -, 5 - and 10 - edge marks and in 1984 to the 20 - and 50 extended - edge - touch. Here there was a greater change in design, but still with Jan van Riebeeck. In addition, there was only one language version, but the two official languages, English and Afrikaans alternately. Afrikaans was the language of the 2 -, 10 - and 50 - edge - touch and English, the 5 - and 20 - edge - touch.

In the " new South Africa " the scores were revised in 1993 and the African wild animals printed with motifs of the "Big Five ". The 10 -Rand note shows a rhinoceros, the 20 - edge touch an elephant, the 50 - edge touch a male lion 100 Rand note an African buffalo (also Cape or Cape buffalo ) and the 200 - rim touch a leopard. On the back the name of the South African central bank is printed in one of the many languages ​​on the bills.

The 2 - and 5- edge - notes were withdrawn from circulation and replaced by coins. In addition were 1994 100 - and 200 - introduced edge marks. One-and two - cent coins are no longer dominated since 2002, so the final amounts in trade are usually rounded ( even with card payment).

The 5- edge coin is available in three variants in circulation: the old monochrome version analogous to the 1 - and 2- edge - coins with the old coat of arms on the back and the new two-tone version analogous to the 2- euro coins with the new coat of arms on the back. From vending machines only the newer version is usually accepted. On 8 July 2008, another version of the 5 - edge coin was released on the occasion of Nelson Mandela's 90th birthday. This also two-tone coin on the obverse is the head of Nelson Mandela.

In 2005 was made another series change with additional security features, but for the same image. The fronts have since been printed in English only, while on the back of each alternating two other languages ​​are printed so that all eleven official languages ​​appear on the bills. Since 2005, there are five different banknotes and seven different coins.

On 6 November 2012, the first of a new series banknotes were put into circulation. As is depicted on the reverse sides as before one of the wild animals ( rhino, elephant, lion, buffalo and leopard ), decorated with a portrait of Nelson Mandela, the front pages of five notes. The South African Reserve Bank had prepared the population with a large-scale media campaign on the introduction of the new notes and paid special attention to the fact that the citizens made ​​aware of the improved security features. The text on the front of all notes is " South African Reserve Bank " (Eng. South African central bank). On the backs of the bills, the version found in Afrikaans and Swati (10 rim), Setswana and isiNdebele (20 rim), isiXhosa and Tshivenda ( R50 ), Sepedi and Xitsonga (100 rim ) and isiZulu and Sesotho ( R200 ).