*Rand/ZAR’ is the currency of

The Rand, abbreviated as ZAR and represented by the symbol 'R', is the national currency of South Africa. It was introduced in February 1961, shortly before the establishment of the Republic of South Africa. The name 'Rand' is etymologically derived from 'Witwatersrand', the gold-rich ridge upon which Johannesburg is built. The South African Reserve Bank holds the primary issuance rights for the currency. While it is the official currency of South Africa, it is also legal tender in the Common Monetary Area, which includes Namibia, Lesotho, and Eswatini, where national currencies are pegged to it. In contrast, the currency of Burundi is the Burundian Franc (BIF), Libya uses the Libyan Dinar (LYD), and Sudan utilizes the Sudanese Pound.