Traditional Culture Encyclopedia - Hotel franchise - W is the currency symbol of which country?
W is the currency symbol of which country?
The South African Rand is a currency issued by the Reserve Bank of South Africa. It was officially issued in February of 196 1, replacing the original South African pound. The latest edition was issued on 20 14, with a maximum face value of 200 rand and a minimum of 10 rand.
The South African Rand is issued by the Reserve Bank of South Africa (Central Bank).
South Africa was originally a British dominion and used the South African pound, 1946 12 18. The initial gold content is 3.58134g, which is equivalent to the pound. In September 1949 and 18, the South African pound depreciated by 30.5% with the pound, and the gold content dropped to 2.48828 grams. The official exchange rate dropped from 1 South African pound to $4.03 to $2.80.
Extended data:
1October 24 1972, 10 rand depreciated, pegged to the US dollar again, and the gold content decreased by 4.2%. The new official exchange rate is 1 rand 1.22732 USD. 1 February 1973, the dollar depreciated, and South Africa announced that it would keep the gold content of the rand unchanged, and the official exchange rate was changed to1rand against 1.4 193 dollars. On June 5th, the gold content of 1973 rand rose by 4.98%, and 1 rand was exchanged for 1.49 USD.
1 On June 27th, 1975, the South African authorities implemented a fixed exchange rate system, and the rand depreciated by 6.04%.1rand was exchanged for 1.4 USD. On September 22nd, the rand depreciated again by 7.85%, 1 rand exchange 1. 15 USD.
Baidu Encyclopedia-South Africa Rand
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