Currency: South African Rand

The South African Rand is the official currency of South Africa. One US dollar is worth around 14.00 ZAR. The South African Rand (ZAR) is the currency of South Africa, which is situated in southern Africa. It was first introduced in 1961, replacing the South African pound. The rand is subdivided into 100 cents. The South African Reserve Bank is responsible for issuing and managing the currency. The rand is widely used throughout the country and is accepted at most major businesses, including hotels, restaurants, and shops. The currency has experienced significant fluctuations in recent years, due in part to political instability and economic uncertainty in the country. Despite these challenges, the rand remains an important currency in the region.