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Other Popular Destinations of South Africa

  Cape Town
  Port Elizabeth
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Johannesburg > Articles about Cape Town, South Africa

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Johannesburg Currency

 
 

The currency used in Johannesburg is known as Rand. It is represented by the symbol 'R'. However, the original currency circulated in Johannesburg was 'pound', but it was replaced by 'rand' in 1961 when the Republic of South Africa was established. The currency has got its name from a ridge known as 'Witwatersrand'. The city of Johannesburg is built on the same ridge.

Rand is the banknotes which are circulated in the denominations of 10, 20, 50, 100 and 200. The first banknotes were introduced in 1961 having the denominations of 1, 10, 20 rand. Again in 1992, the 50 rand banknote was minted. The 100 and 200 rand banknotes were introduced from 1994. On the notes, the 'Big Five' of Africa have been printed.

For example, on a note of 10 rand, there is a rhinosores. On a 20 rand note there is a picture of elephant, 50 rand note has a lion on it, 100 rand note has a buffalo and 200 rand note a leopard. In 2012, as a mark of respect for the tireless work done by Nelson Mandela, it was announced that new sets of currency notes baring his picture on the observe shall be printed. On the reserve side, the picture of the big five animals shall be printed.

The currency is further divided into coin known as Cents and the same are represented using the symbol 'C'. Earlier denominations of 1 and 2 cents were minted, but their minting was completely stopped sometime around 2002. They even had 5c which were minted until recently. Presently 10c coins are used. Other coin currency used are R5, R2, R1, 50c, 20c and 10c.

 
 
 
 
 
   
 
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