South African rand
The South African rand (ZAR) is the currency of South Africa and is issued by the South African Reserve Bank. The South African rand has the symbol R. It is subdivided into 100 cents. The South African Rand (ZAR) is derived from the Dutch Zuid-Afrikaanse Rand (ZAR). Its name comes from the Witwatersrand, the ridge upon which Johannesburg is built, which had the biggest gold reserves in South Africa. The currency of the Rand is abbreviated as ZAR, as is the case with all other nations.
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