Romanian Leu in South African Rand

RON Romanian Leu

Country of application:
Romania

Coin denominations in circulation:
1, 5, 10, 50 baths.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 200, 500 lei.

History reference:
The national currency of Romania as the official currency is the leu, otherwise called the Romanian new leu. The new leu is the fourth leu in a series of revaluation currencies since 1867. The new le...u replaced the old Romanian leu (currency symbol ROL) in July 2005 at a rate of 10,000 old lei for one new leu. The current version was used together with the previous leu from March 2005 to June 2006 during the conversion period. Throughout history, the leu has been pegged to currencies of other countries such as the German Reichsmark, the US dollar and the Russian ruble. While Romania is currently planning to adopt the euro as its main currency in 2024, the leu is not currently pegged to the euro.

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.