GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the national currency of South Africa?
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South African dollar
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South African real
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South African rand
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South African dinar
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Explanation:
Detailed explanation-1: -The South African rand (ZAR) is the national currency of the country of South Africa. The rand was introduced in February 1961 and mostly held a steady peg against the US dollar until the end of apartheid.
Detailed explanation-2: -Latest Currency Exchange Rates: 1 South African Rand = 4.4766 Indian Rupee.
Detailed explanation-3: -The South African Rand (ZAR) is derived from the Dutch Zuid-Afrikaanse Rand (ZAR). Its name comes from the Witwatersrand, the ridge upon which Johannesburg is built, which had the biggest gold reserves in South Africa.
Detailed explanation-4: -Dollar to South African Rand Exchange Rate Today, Live 1 USD to ZAR = 18.3332 (Convert Dollars to South African Rands)
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