South African rand (ZAR)
1 articleThe South African rand is South Africa's national currency and the anchor currency of the Common Monetary Area, with ZAR as its ISO code. The South African Reserve Bank issues rand banknotes, while coins are produced within the national minting framework and circulate in rand and cent denominations. The rand is also legal tender in several neighboring monetary-area members, where local currencies may circulate at parity. ZAR remains distinct from those national currencies despite the regional arrangement.
South African Rand Holds Near Five-Month High Despite Weak Data
The South African rand maintained its strongest position against the US dollar since March, even as local joblessness rose and factory output fell, with global monetary policy expectations driving currency sentiment