Buy, Sell or Transfer South African Rand (ZAR) in India at the best exchange rates
The South African Rand is used as the national currency by the Republic of South Africa. Generally abbreviated as ZAR, the South Africa currency is further subdivided into 100 cents. Introduced in the year 1961, this South Africa Currency is used by the Common Monetary Area, consisting of four countries – Zimbabwe, Swaziland, Namibia and Lesotho. Between 1961 and 1982, the South African currency had a higher value against the US Dollar. In 1990’s the South African currency got a new look with images of Big Five wildlife species.
Some facts that you ought to know about the zar:
The official currency of South Africa is in the subdivision of 100 cents. It was introduced in the year 1961. The currency coins are currently under circulation in the country are in the denominations of cents 5, 10, 20, 50, and rand 1, 2 and 5.
Similarly, the bank notes that are currently under nationwide circulation are in the denominations of rand 10, 20, 50, 100 and 200. The issuance rights are under the authority of the South African Reserve Bank.
states that use the US south african rand as a part of their legal tender:
Zimbabwe, Swaziland, Namibia and Lesotho
How to GET BEST forex RATES online?
To find the latest 1 INR to ZAR rate and get information about other exchange rates, simply visit the Thomas Cook website.
If you need to know anything else about the South African currency and customized tour packages of South Africa, turn to Thomas Cook. Read More