South Korean Won in South African Rand

KRW South Korean Won

Country of application:
The Republic of Korea

Coin denominations in circulation:
500, 100, 50, 10, 5 and 1 won.

Denominations of banknotes in circulation:
50K, 10K, 5K and 1K won

History reference:
In 1945, after World War II, the country split into South and North Korea. At the same time, a new currency, the won, was introduced. The South Korean Won is the currency of the Republic of Korea. On... the front side of South Korean banknotes in denominations of 1 thousand won, a portrait of a philosopher and thinker of the 16th century is depicted. Lee Hwan, mennyundan (a traditional Confucian classroom at Sungkyunkwan University), and an olive flower. On the back - a coastal landscape of a rocky sea coast. For 5,000 won - one of the most prominent Confucian scholars of the 16th century, Li Yi, in front of the Ojukhon Museum Complex in Gangneung, as well as black bamboo and a reproduction of the work of Li Yis mother, artist Sin Saimdang, "Insects and Plants." The 10,000 won depicts the fourth ruler of the 15th century of the Korean dynasty, Lee Sejoy the Great, under whom a cultural upsurge took place in the country and an old Korean globe of the 17th century. For 50 thousand won - the artist, poetess, calligrapher of the 16th century, Sin Saimdang, and on the back - bamboo and Japanese plum.

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.