South African Rand in Surinamese Dollar

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.

SRD Surinamese Dollar

Country of application:
Suriname

Coin denominations in circulation:
1, 5, 10, 25, 100, 250 cents.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
The Suriname dollar is the currency of the Republic of Suriname. From the end of the 17th century, the Surinamese guilder was used as a currency in Suriname, which was in circulation on a par with th...e Dutch guilder. In 1940, after the occupation of the Netherlands by Germany, the Surinamese guilder was pegged to the US dollar at a ratio of 1.88585 guilders to 1 dollar. High inflation in the early 1990s caused the Surinamese guilder to depreciate catastrophically, prompting a monetary reform. In the main circulation there are banknotes of 5, 10, 20, 50 and 100 Surinamese dollars issued in 2004 and 2010, as well as coins in denominations of 250, 100, 25, 10, 5 and 1 cent. The images on banknotes of 2010 are identical to the images on banknotes of 2004, only some degrees of protection have been added (holograms, etc.)