When did South Africa start using the rand?

South Africa used the British pound sterling until 1921, when the South African pound was introduced. South Africa adopted the rand in 1961; it replaced the pound at a rate of 2 rand for 1 pound.

When did South Africa change from pounds to Rand’s?

The South African Rand was introduced on February 14, 1961, replacing Round Sterling as legal tender, at two Rand = 1 Pound 10 shillings. 1961 was also the year the country became a republic and left the Commonwealth of Nations following a whites-only referendum.

What was South Africa’s currency before 1961?

The pound (symbol £, or £ SA for distinction) was the currency of the Union of South Africa from the creation of the country as a British Dominion in 1910. It was replaced by the rand in 1961, the same year that South Africa became a republic.

When did South Africa start using money?

Money was first introduced into South Africa in 1782 by the Dutch Governor of the Cape of Good Hope, Baron Joachim Van Plettenberg. All “money” had to be handwritten until just after 1800 because there were no printing presses in the Cape.

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What was used before the rand?

South Africa continued to use the British coin system until 1961 when South Africa gained independence and became a republic. This was the beginning of the South African rand, which takes its name from the Witwatersrand where gold was discovered. On 14 February 1961, the rand, replaced the pound.

What countries use the rand?

Южноафриканский рэнд/Страна

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