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South African rand

Local nameSuid-Afrikaanse rand  
ISO 4217 CodeZAR
Official userSouth Africa (Common Monetary Area member)
Lesotho (Common Monetary Area member), alongside Lesotho loti
Namibia, alongside Namibian dollar
Unofficial userSwaziland (Common Monetary Area member), alongside Swazi lilangeni
Inflation3.6% (South Africa only)
Pegged withLesotho loti, Swazi lilangeni and Namibian dollar at par
Coins and Banknotes
Central bankSouth African Reserve Bank

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The rand (sign: R; code: ZAR) is the currency of South Africa. It takes its name from the Witwatersrand (White-waters-ridge in English), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c". The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse rand. (South African Rand). This is echoed in South Africa's internet top-level domain name ".za" from the Dutch Zuid Afrika, meaning "South Africa".

The rand is the currency of the Common Monetary Area between South Africa, Swaziland and Lesotho. Although Namibia withdrew itself from the Common Monetary Area, the rand is still legal tender.

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