South African rand (ZAR)

The South African rand, represented by the symbol R and ISO code ZAR, is the official currency of South Africa and is also legal tender in the Common Monetary Area alongside local currencies in Lesotho, Eswatini, and Namibia. Introduced in February 1961 to replace the South African pound upon the establishment of the Republic, the rand is issued and managed by the South African Reserve Bank as a free-floating currency in international foreign exchange markets.