{"id":40565,"date":"2016-10-10T16:17:08","date_gmt":"2016-10-10T15:17:08","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=40565"},"modified":"2020-05-21T16:35:26","modified_gmt":"2020-05-21T15:35:26","slug":"south-african-rand-history-interesting-facts-need-know","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/","title":{"rendered":"South African Rand: History, Interesting Facts And What You Need To Know"},"content":{"rendered":"

The South African Rand has been the topic of many recent discussions for all the wrong reasons. In a nutshell, it is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off.<\/p>\n

Anyway, let’s ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.<\/p>\n

History and Facts about the South African Rand<\/strong><\/h2>\n

1. The South African Rand came into existence in 1961;<\/p>\n

2. The South African Rand (R) is available in banknotes of R200, R100, R50, R20 and R10.<\/p>\n

3. The ISO code of the South African Rand is \u201cZAR\u201d, which is an acronym for Dutch words \u201cZuid-Afrikaanse Rand\u201d.<\/p>\n

4. The South African Rand is used by the Common Monetary Area, consisting of four countries (South Africa, Swaziland, Lesotho and Namibia).<\/p>\n

5. The South African Rand had a higher value against the US dollar from 1961 \u2013 1982.<\/p>\n

6. In 1961, the first series of the South African Rand was in denominations of R1, R2, R10 and R20.<\/p>\n

7. The South African Rand was first printed in two variants, one with English writing and the other with Afrikaans writing.<\/p>\n

8. In the 1990s, the South African Rand got a new look\u00a0with images of the Big Five wildlife species.<\/p>\n

9. In 2005 the rand had some additional security features (colour-shifting ink on the R50 and higher pattern of symbols) introduced.<\/p>\n

See Also:\u00a0South African History: A Quick Review<\/a><\/strong><\/p>\n

Signatures on the South African Rand<\/strong><\/h2>\n

The South African Rand is signed by the Governor of the South African Reserve Bank and has since been signed by six Governors to date. Below is the list of Governors, the years they were signatories and the denominations they signed:<\/p>\n

    \n
  • 1st\u00a0<\/span>July 1962 \u2013 30th\u00a0<\/span>June 1967: The R1, R5, R10 and R20\u00a0signed by:<\/li>\n<\/ul>\n

    Governor: Dr G Rissik.<\/p>\n

      \n
    • 1st\u00a0<\/span>July 1967 \u2013 31st\u00a0<\/span>December 1980: The R2, R5, R10 and R20\u00a0signed by:<\/li>\n<\/ul>\n

      Governor: Dr T W De Jongh.<\/p>\n

        \n
      • 1st\u00a0<\/span>January 1981 \u2013 7th\u00a0<\/span>August 1989: The R2, R5, R10, R20 and R50\u00a0signed by:<\/li>\n<\/ul>\n

        Governor: Dr G P C De Kock.<\/p>\n

          \n
        • 8th\u00a0<\/span>August 1989 \u2013 7th\u00a0<\/span>August 1999: The R10, R20, R100 and R200\u00a0signed by:<\/li>\n<\/ul>\n

          Governor: Dr C L Stals.<\/p>\n

            \n
          • 8th\u00a0<\/span>August 1999 \u2013 8th\u00a0<\/span>November 2009: The R10, R20, R50, R100 and R200\u00a0signed by:<\/li>\n<\/ul>\n

            Governor: Mr T T Mboweni.<\/p>\n

              \n
            • 9th\u00a0<\/span>November 2009 to date: The R10, R20, R50, R100 and R200\u00a0signed by:<\/li>\n<\/ul>\n

              Governor: Ms G Marcus.<\/p>\n

              Features and Security on the New Banknotes<\/strong><\/h2>\n

              \"South<\/p>\n

              1. There are little dots which appear on both sides\u00a0of the South African Rand banknotes.<\/p>\n

              2. At the top left corner of all banknotes, you will find the South African Coat of Arms. The Coat of Arms is also present in the security thread, as a three-dimensional image.<\/p>\n

              3. The major colours of each banknote are R10 (Green), R20 (Brown), R50 (Red), R100 (Blue), R200 (Yellow-orange). The colour of the R200 was recently changed, as it previously had a similar colour to the R20.<\/p>\n

              4. All new banknotes carry the image of former President Nelson Mandela.<\/p>\n

              5. The language on the front section of all banknotes is in English.<\/p>\n

              6. The back of all new banknotes have the Big Five printed on them, the following are the banknotes and the animal present on them: R10 (Rhinoceros), R20 (Elephant), R50 (Lion), R100 (Buffalo) and R200 (Leopard).<\/p>\n

              7. All banknotes are 70 mm in height but differ in length by a difference of 6 mm. Here is the breakdown – R10 (128 mm), R20 (134 mm), R50 (140 mm), R100 (146 mm) and R200 (152 mm).<\/p>\n

              8. The paper of the new banknotes is UV dull and does not glow under UV light.<\/p>\n

              What You Need To Know<\/strong><\/h2>\n

              1. A banknote that does not have a watermark is not genuine. The watermark present on the South African Rand banknote is a shadow image of former President Nelson Mandela, with a hidden denomination of the banknote which is clearer than his image.<\/p>\n

              2. There are unique serial numbers printed on the back of all banknotes, they consist of numbers and letters.<\/p>\n

              3. While the numbers printed on the left-hand side is vertical, the serial number which is\u00a0horizontal on the top right\u00a0increases in height from left to right.<\/p>\n

              4. A security thread of 4 mm is woven into the banknote paper. If you look closely, you would see a three-dimensional image of the Coat of Arms, the denomination number and the words ‘RAND’ & ‘SARB’ printed on it.<\/p>\n

              5. The South African Rand maintains the maximum level of security and quality to match international standards.<\/p>\n","protected":false},"excerpt":{"rendered":"

              The South African Rand has been the topic of many recent discussions for all the wrong reasons. In a nutshell, it is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. Anyway, let’s ignore the much anticipated ill fate […]<\/p>\n","protected":false},"author":7233,"featured_media":40294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","footnotes":""},"categories":[429],"tags":[417],"yoast_head":"\nSouth African Rand: History, Interesting Facts And All You Must Know<\/title>\n<meta name=\"description\" content=\"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African Rand: History, Interesting Facts And All You Must Know\" \/>\n<meta property=\"og:description\" content=\"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/\" \/>\n<meta property=\"og:site_name\" content=\"BuzzSouthAfrica.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BuzzSouthAfrica\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-10T15:17:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-21T15:35:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/southafricanrand.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Hamilton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@buzzsouthafrica\" \/>\n<meta name=\"twitter:site\" content=\"@buzzsouthafrica\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Hamilton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/\",\"url\":\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/\",\"name\":\"South African Rand: History, Interesting Facts And All You Must Know\",\"isPartOf\":{\"@id\":\"https:\/\/buzzsouthafrica.com\/#website\"},\"datePublished\":\"2016-10-10T15:17:08+00:00\",\"dateModified\":\"2020-05-21T15:35:26+00:00\",\"author\":{\"@id\":\"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/d61b4fee2e15e62fbea0e46063b25b1f\"},\"description\":\"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/buzzsouthafrica.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South African Rand: History, Interesting Facts And What You Need To Know\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/buzzsouthafrica.com\/#website\",\"url\":\"https:\/\/buzzsouthafrica.com\/\",\"name\":\"BuzzSouthAfrica.com\",\"description\":\"BuzzSouthAfrica\",\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/d61b4fee2e15e62fbea0e46063b25b1f\",\"name\":\"Alexander Hamilton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/Chux2-96x96.png\",\"contentUrl\":\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/Chux2-96x96.png\",\"caption\":\"Alexander Hamilton\"},\"description\":\"Alexander's keen interest in digital media and tech, as well as his ability to stay updated with global business news, ensures he is always one step ahead. When he is not thinking about the future of online media, he is trying to keep up with his young son\",\"url\":\"https:\/\/buzzsouthafrica.com\/author\/alexander\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South African Rand: History, Interesting Facts And All You Must Know","description":"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/","og_locale":"en_US","og_type":"article","og_title":"South African Rand: History, Interesting Facts And All You Must Know","og_description":"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0","og_url":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/","og_site_name":"BuzzSouthAfrica.com","article_publisher":"https:\/\/www.facebook.com\/BuzzSouthAfrica\/","article_published_time":"2016-10-10T15:17:08+00:00","article_modified_time":"2020-05-21T15:35:26+00:00","og_image":[{"width":976,"height":749,"url":"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/southafricanrand.jpg","type":"image\/jpeg"}],"author":"Alexander Hamilton","twitter_card":"summary_large_image","twitter_creator":"@buzzsouthafrica","twitter_site":"@buzzsouthafrica","twitter_misc":{"Written by":"Alexander Hamilton","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/","url":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/","name":"South African Rand: History, Interesting Facts And All You Must Know","isPartOf":{"@id":"https:\/\/buzzsouthafrica.com\/#website"},"datePublished":"2016-10-10T15:17:08+00:00","dateModified":"2020-05-21T15:35:26+00:00","author":{"@id":"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/d61b4fee2e15e62fbea0e46063b25b1f"},"description":"It is widely predicted that the rand will further experience a downward slide against the dollar if the political tension in South Africa fails to calm off. But, let's ignore the much anticipated ill fate of the currency and look at the few things a lot of people don\u2019t know about the South African Rand.\u00a0","breadcrumb":{"@id":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/buzzsouthafrica.com\/south-african-rand-history-interesting-facts-need-know\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/buzzsouthafrica.com\/"},{"@type":"ListItem","position":2,"name":"South African Rand: History, Interesting Facts And What You Need To Know"}]},{"@type":"WebSite","@id":"https:\/\/buzzsouthafrica.com\/#website","url":"https:\/\/buzzsouthafrica.com\/","name":"BuzzSouthAfrica.com","description":"BuzzSouthAfrica","inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/d61b4fee2e15e62fbea0e46063b25b1f","name":"Alexander Hamilton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/buzzsouthafrica.com\/#\/schema\/person\/image\/","url":"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/Chux2-96x96.png","contentUrl":"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/Chux2-96x96.png","caption":"Alexander Hamilton"},"description":"Alexander's keen interest in digital media and tech, as well as his ability to stay updated with global business news, ensures he is always one step ahead. When he is not thinking about the future of online media, he is trying to keep up with his young son","url":"https:\/\/buzzsouthafrica.com\/author\/alexander\/"}]}},"jetpack_featured_media_url":"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/southafricanrand.jpg","jetpack_shortlink":"https:\/\/wp.me\/p3B4tc-ayh","_links":{"self":[{"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/posts\/40565"}],"collection":[{"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/users\/7233"}],"replies":[{"embeddable":true,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/comments?post=40565"}],"version-history":[{"count":0,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/posts\/40565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/media\/40294"}],"wp:attachment":[{"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/media?parent=40565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/categories?post=40565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buzzsouthafrica.com\/wp-json\/wp\/v2\/tags?post=40565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}