The rand is a freely convertible currency, which is the national currency of the Republic of South Africa. It is also the common currency of the countries of the Multilateral Monetary Agreement, which, in addition to South Africa, includes Lesotho, Namibia and Eswatini. The currency was put into circulation in 1961, simultaneously with the proclamation of the Republic of South Africa and its withdrawal from the British Commonwealth. It replaced the South African pound at a ratio of 2:1. The currency is denoted by the symbol R and its ISO 4217 code is ZAR. Since December 2004, ZAR has been included in the list of clearing currencies used for settlements in the CLS international interbank system.
Best ZAR casino online
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