forexrebatesbrokers forexdiscountbrokers Rand (SouthAfricanRand original symbol: R. Standard symbol: ZAR) South African Rand Introduction The South African Rand is issued by the South African Reserve Bank (Central Bank) South Africa was originally a self-governing British territory, using the South African cashback forex, December forexbonusrebate8, 1946, the initial provision of the gold content of 3.58134 grams, and the pound equivalent September 18, 1949, the South African pound devalued 30.5% with the pound, the gold content was reduced to 2.48828 grams, the official exchange rate from 1 South African pound to 4.03 U.S. dollars to 2.80 U.S. dollars. South African pound devalued 30.5% with the British pound, the gold content was reduced to 2.48828 grams, the official exchange rate from 1 South African pound to 4.03 U.S. dollars to 2.80 U.S. dollars On February 14, 1961, South Africa carried out currency reform, issued a new currency, the South African forex discount brokers, to replace the South African pound with a ratio of 2:1, the new currency gold content of 1.24414 grams, the official exchange rate of 1 rand to 1.4 U.S. dollars, 1 rand to 0.5 pounds on November 18, 1967, the pound depreciated by 14.3%, the rand remained unchanged, the exchange rate changed to 1 pound to 1.71428 rand August 23, 1971, the rand was decoupled from the pound and pegged to the U.S. dollar, the rand to be devalued, but maintain the exchange rate of 1 rand to 1.4 U.S. dollars on December 21 of the same year, by the dollar devaluation, the gold content of the rand reduced by 12.28%, after the devaluation South African rand official exchange rate of 1 rand to 1.33 U.S. dollars at the same time the rand is no longer pegged to the dollar, re-pegged to the British pound, 1 pound to 1.954285 rand October 24, 1972, the rand devalued and re-pegged to the dollar, the gold content decreased by 4.2%, the new official exchange rate of 1 rand to 1.22732 U.S. dollars February 1973, the dollar devaluation, South Africa announced the rand gold content On June 5, 1973, the gold content of the rand rose by 4.98% to $1.49. On June 27, 1975, the South African authorities introduced a fixed exchange rate system, and the rand depreciated by 6.04% to $1.40. On September 22, the rand depreciated again by 7.85% to $1.15. On February 7, 1983, the South African authorities abolished the dual exchange rate system and the rand was devalued again. The bills in circulation are 5, 10, 20, 5O Rand The minted coins are 1, 2, 5, 10, 20, 50 cents and 1, 2 Rand l Rand is equal to 100 cents (Cents)