External Use of the South African Rand

Johan Heever

Chapter 2 in Currency Internationalization: Global Experiences and Implications for the Renminbi, 2010, pp 42-55 from Palgrave Macmillan

Abstract: Abstract The rand is the currency of the Republic of South Africa and co-circulates with other currencies in a number of Southern African countries. A formal currency union — the Common Monetary Area or CMA — has been in existence for many years and provides the framework for such co-circulation in three of South Africa’s neighbours. The rand also circulates informally in a number of other countries.

Keywords: Exchange Rate; Central Bank; Monetary Union; Currency Union; Southern African Development Community (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24578-5_2

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DOI: 10.1057/9780230245785_2

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