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A monetary model of the South African rand (Working paper)
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South African Rand Wikipedia
The rand (sign: R; code: ZAR) is the currency of South Africa. It takes its name from the Witwatersrand (White-waters-ridge in English), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c". The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse rand. (South African Rand). This is echoed in South Africa's internet TLD name ".za" from the Dutch Zuid Afrika or "South Africa". [http://acronyms.thefreedictionary.com/Zuidafrikaanse+Rand+(South+African+Rand)] The Free Dictionary
The rand is the currency of the Common Monetary Area between South Africa, Swaziland and Lesotho. Although Namibia withdrew itself from the Common Monetary Area , the rand is still a legal tender.
