The primary currency of South Africa is the South African Rand (ZAR). The rand is subdivided into cents, with coins available in various denominations. Introduced in 1961, the rand replaced the South African pound and has since been used as the official currency in the country. The rand fluctuates in value based on economic conditions, trade relationships, and government policies. It plays a crucial role not only in South Africa’s economy but also within the broader context of regional currencies in Southern Africa, influencing trade and financial exchanges.