South African Rand in Bangladeshi Taka

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.

BDT Bangladeshi Taka

Country of application:
Bangladesh

Coin denominations in circulation:
5 ৳

Denominations of banknotes in circulation:
5, ৳ 10, ৳ 20, 50, 100, 200, 500 and 1000.

History reference:
Taka is the official national currency in Bangladesh. In accordance with the international standard, it has been assigned the code 4217 BDT. The currency of Bangladesh consists of one hundred pise, w...hich is the local bargaining chip. Since July 1948, the Pakistani rupee has been in circulation in East Pakistan. In 1971, the independence of Bangladesh was proclaimed, and on January 1, 1972, the Bank of Bangladesh began operations and a new monetary unit, the taka, was introduced.