South African Rand in Israeli Shekel

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.

ILS Israeli Shekel

Country of application:
Israel

Coin denominations in circulation:
10 ago, 0.5, 1, 2, 5, 10 Israeli shekel.

Denominations of banknotes in circulation:
20, 50, 100, 200 Israeli shekel.

History reference:
The national currency of Israel is the New Israeli Shekel (ILS). It is called new because in 1985 it replaced the old currency of the same name. How the shekels appeared and what they meant is eviden...ced by various historical sources. The Semitic word "shekel" has a root that has been preserved in modern Hebrew - "only", it means "to weigh". This fact indicates the ancient purpose of the shekel, known even before our era. In a number of Middle Eastern countries, it served as a measure of weight in transactions. In Canaan and Mesopotamia, the shekel was used as the standard for weighing gold and silver and was originally a unit of weight of about 11 grams. The shekel became the currency in Tire and Carthage. Then shekels became the main monetary unit in Ancient Israel and were fixed there as a national currency.