Make a list of all the different denominations of coins and notes found in south africa? Skip to main content

Make a list of all the different denominations of coins and notes found in south africa?

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Question: Make a list of all the different denominations of coins and notes found in south africa?

South African Currency: A Guide for Visitors

If you are planning to visit South Africa, you might be wondering what kind of money they use and how to get it. Here is a brief overview of the South African currency, its history, denominations and exchange rates.


History of the South African Rand

The South African rand (ZAR) is the official national currency of South Africa and is subdivided into 100 cents. The rand was introduced in 1961, when South Africa became a republic and replaced the British pound as the legal tender. The name "rand" comes from the Witwatersrand, a ridge where most of South Africa's gold deposits were found.


The rand is also legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currencies.


Denominations of the South African Rand

There are five denominations of South African banknotes in circulation: **R10, R20, R50, R100 and R200**. All South African banknotes are printed on cotton substrate and can be differentiated from one another by considering the dominant colour, animal theme and size. Each banknote features a portrait of Nelson Mandela on the front and an image of a different animal on the back.


There are six denominations of South African coins in circulation: **10c, 20c, 50c, R1, R2 and R5**. The minting of the 1c, 2c and 5c coins has been discontinued since 2002 due to inflation. The coins feature various images related to South Africa's culture, history and nature.


Exchange Rates of the South African Rand

The exchange rate of the rand varies depending on the supply and demand in the foreign exchange market, as well as other economic and political factors. As of February 4th, 2024, one US dollar is worth about 15.80 rands, one euro is worth about 16.69 rands, one British pound is worth about 19.38 rands and one Indian rupee is worth about 0.20 rands.


You can exchange your money in banks, exchange offices or at the airport. However, it is advisable to compare the rates and fees before you do so, as they may vary significantly. You can also use your credit or debit card at ATMs or shops that accept them, but be aware of the transaction charges that may apply.

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