south african rand

The South African Rand (ZAR) is the official currency of South Africa, introduced in 1961. It is identified by the ISO 4217 code ZAR and is commonly represented by the symbol R. The South African Reserve Bank is responsible for issuing and managing the South African Rand. Currently, circulating banknotes in South African Rand include denominations of 10, 20, 50, 100, and 200 Rand, along with coins in denominations of 1, 2, and 5 Rand. Currently, approximately 12 money changers in Hong Kong accept the buying and selling of South African Rand.