Officially introduced in 1961, the South African Rand is the official currency of South Africa, Lesotho, Namibia and Swaziland, and is unofficially used by Zimbabwe. South Africa’s monetary history includes a number of currencies, given its status as a trading post, and its first official currency was the Guilder, followed by the Rixdollar - the first South African currency to use paper notes! Under the British in 1826, Cape Colony used the sterling, though several other currencies continued to be in use (including Spanish and US Dollars, French Francs and the Indian Rupee). The South African Rand finally replaced the South African Pound in 1961. It is produced by the South African Reserve Bank, and can be abbreviated to ‘ZAR’ or ‘R’.
The ZAR is available in India easily by converting Indian Rupees to South African Rand in the form of currency notes and forex cards. Banknotes of ZAR come in denominations of R 10, R 20, R 50, R 100, and R 200. The currency notes feature all eleven official languages of South Africa.
The South African Rand is commonly used in international foreign exchange transactions - in fact, it contributed 1.1%* of the global foreign exchange market turnover as recently as 2013, making it the 18th most-traded currency in the world. DoorstepForex.com offers the best forex rates for South African Rand across all the major cities of India. If you’re travelling to South Africa, DoorstepForex.com is who you need to talk to! And also if you are just returning back from your South African tour, we are there to help you with the best rates to exchange back your extra Rand to Rupee. Moreover, we will add to your happiness with our amazing forex deals.
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