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Topic: Rand currency

	Rand (currency) - Wikipedia, the free encyclopedia
		The Rand is the currency of South Africa.
		The Rand was stronger than the U.S. dollar from the time of its inception in 1961 until 1982, when mounting political pressure combined with sanctions placed against the country because of apartheid started to erode its value.
		By the end of 2002, the currency was trading at under R9 to the dollar again, and by the end of 2004 was trading at under R5.70 to the dollar.
	en.wikipedia.org /wiki/Rand_(currency) (683 words)

	Rand (currency) -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-11-07)
		The Rand is the (The metal or paper medium of exchange that is presently used) currency of (A republic at the southernmost part of Africa; achieved independence from the United Kingdom in 1910; first European settlers were Dutch (known as Boers)) South Africa.
		As it became clear in the early 1990’s that the country was destined for fl majority rule and one reform after the other was announced, uncertainty about the future of the country continued the trend of depreciation until the level of R3 to the dollar was breached in November 1992.
		The currency was named after the (A rocky region in the southern Transvaal in northeastern South Africa; contains rich gold deposits and coal and manganese) Witwatersrand gold mining region.
	www.absoluteastronomy.com /encyclopedia/r/ra/rand_(currency).htm (714 words)

	Central Bank of Lesotho - Lesotho Currency (Site not responding. Last check: 2007-11-07)
		Currency Management by the Central Bank of Lesotho includes, inter alia, handling of bulk deposits and withdrawals by commercial banks, sorting of maloti notes and coins and the systematic issue of new and re-usable currency.
		Whilst the South African currency enjoys legal tender status in Lesotho, the policy of Central Bank of Lesotho has been to promote the use of maloti currency in the country and in that regard, local commercial banks, have been urged, to issue maloti to the public and only in the event of need, rand currency.
		The collected rand currency by commercial banks through deposits by the public is to be deposited with Central Bank of Lesotho.
	www.centralbank.org.ls /currency/lesotho_currency.htm (149 words)

	currency converter rand - Currency
		A currency is a unit of exchange, facilitating the transfer of goods and services.
		A currency zone is a country or region in which a specific currency is the dominant medium of exchange.
		Modern currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime.
	www.innovationsinteriors.com /currency/6/term682.html (188 words)

	Ayn Rand Biographical FAQ
		Ayn Rand was a twentieth-century novelist and philosopher.
		Rand supported the existence of patents and copyrights, sometimes referred to more generally as "intellectual property," similar to the ones that exist under US law today (which is not to claim that she would necessarily agree with every aspect of current US law on these subjects).
		Rand strongly disapproved of anarchism and in her later years appears to have associated that ideology with the term 'libertarian.' This association is further reaffirmed by the comments of Harry Binswanger in an article published a few months before Rand's death, in which he repeatedly refers to "'libertarian' anarchists."[*]
	www.noblesoul.com /orc/bio/biofaq.html (11128 words)

	The DMT Rand: a Currency for the Next Hundred Years, by J. Orlin Grabbe (Site not responding. Last check: 2007-11-07)
		The rand is a monetary unit defined in terms of gold and four fiat currencies: namely, the U.S. dollar, the European euro, the British pound sterling, and the Japanese yen.
		And the future value of the rand would reflect the relative performance of silver in terms of the component fiat currencies, instead of the performance of gold.
		The rapidly depreciating local currency ceased to function as a medium of exchange, and a relatively "hard" foreign currency was substituted.
	www.orlingrabbe.com /rand.htm (3168 words)

	Talk:Rand (currency) - Wikipedia, the free encyclopedia
		If taken literally, "rand" means "ridge" as it comes from the name 'Witwatersrand' or "Ridge of White Waters".
		Presumably the name was chosen due to the fact that most gold mines at the time were on the Witwatersrand, and at the time gold mining underpinned the South African economy.
		In any case, any translations of the word are ignored, it's seen as being a word on its own without alternate meaning.
	en.wikipedia.org /wiki/Talk:Rand_(currency) (238 words)

	Exchange Rate Management Policies in South Africa: Recent Experience and Prospects* * (Site not responding. Last check: 2007-11-07)
		The South African currency remained relatively stable in the ensuring years and its parity in terms of gold was changed only as a result of the decimalization of the monetary unit.
		The South African rand remained relatively stable in the ensuing years and its parity in terms of gold was changed only as a result of the decimalisation of the monetary unit.
		On 14 February 1961, when the rand took over from the pound as the basic unit of account in South Africa, the gold parity of the rand was fixed at 50 per cent of the value of the old South African pound, i.e.
	www.uneca.org /eca_resources/Major_ECA_Websites/6finmin/experm2.htm (17368 words)

	www.mineweb.net \| columns \| american notes Rand hits a six (Site not responding. Last check: 2007-11-07)
		However, there was also strong domestic demand for the rand; the currency yesterday gained the most against the dollar among 16 major currencies tracked by Bloomberg.
		This week’s currency markets have again been dominated by the figure of Alan Greenspan, chairman of the Federal Reserve, the US central bank, who on Wednesday (February 16) is due to start delivering congressional testimony on the state of the US economy.
		As to the rand, the expectation is that the currency peaked, in the long-term sense, during 2004.
	www.mineweb.net /columns/american_notes/414296.htm (531 words)

	South Africa's currency: the rand (Site not responding. Last check: 2007-11-07)
		South Africa's currency bears pictures of its animals, birds, and its national flower, the protea.
		The symbol for the rand is the letter R.
		The rand comes in note and coin form.
	www.skymirror.org /satrip/rand.html (274 words)

	Global financial clouds on Africa's horizon
		When the value of South Africa's currency, the rand, plummeted in December, local analysts blamed international currency speculators or possible financial contagion from the collapse of the Argentine economy.
		Currencies collapsed, economies contracted, businesses went bankrupt, banks were left holding uncollectable loans, poverty spread massively, and in Indonesia widespread unemployment contributed to the downfall of the long-time president.
		Essentially, currency speculators -- clearing banks, investment houses, hedge funds and rich individuals -- gamble on fluctuations in world currencies, betting, for example, that the rand may be devalued against the dollar in the near future.
	www.un.org /ecosocdev/geninfo/afrec/vol16no1/161finan.htm (3130 words)

	Africa Letter
		South Africa's currency, the Rand, has lost almost 40 percent of its value against the U.S. Dollar in the last year.
		The Rand is collapsing because the fundamentals of our economy are in a bad state and the Rand's collapse is natural.
		Mbeki said the reasons for the depreciation of the rand, 'are difficult to find' and had 'nothing whatsoever to do with our national economy'.
	www.jrnyquist.com /jan702/africa_letter.htm (557 words)

	XE.com - The Universal Currency Converter ®
		Currencies that are obsolete -- or that are being phased out -- will be indicated by an asterisk (*).
		When you are finished, push the "Perform Currency Conversion" button, and the results of your conversion will be displayed.
		If you need more help, information is available on the three-letter currency codes used above, as well as world currency symbols.
	www.xe.com /ucc (267 words)

	Who Ransacked the Rand?
		The recent odd machinations in the South African rand currency in late 2001 have perplexed many market participants and governments around the world and investigations are being launched to attempt and determine the cause of the tremendous rout of the rand in 2001.
		Beginning with the usual way to express the rand exchange rate, the blue line and the left axis, the near catastrophic plunge of the rand in recent years is readily apparent.
		Depending on whether the rand’s slide over 30 years is viewed from the perspective of the rand or the perspective of the dollar, the initial conclusions drawn can vary dramatically.
	www.zealllc.com /2002/ransack.htm (4188 words)

	Guardian International Currency South Africa Rand
		The currency of South Africa is called the Rand.
		Rand banknotes are issued in the following denominations: 10, 20, 50, 100 and 200 Rand.
		South African Rand is used in Lesotho, Namiibia and Swaziland.
	www.guardianfx.com /information/africa/south_africa.html (135 words)

	RAND \| Research Areas \| National Security \| New Fellow Orientation - About RAND - Research (Site not responding. Last check: 2007-11-07)
		An important part of your tour at RAND is your interaction with the staff.
		The most significant skill you bring with you to RAND is your expertise, and the most important personal characteristic you'll need is initiative.
		But you bring the vital quality of your recent field experience to RAND that has the potential to enhance the currency of RAND's research effort.
	www.rand.org /natsec_area/fellowinfo/aboutrand/research.html (534 words)

	business.iafrica.com \| business news Firm rand not hitting exports - Ramos
		National Treasury Director Maria Ramos said on Friday there was no evidence so far to suggest that the robust rand currency was eating into exports, the mainstay of the country's economy.
		Concerns have been mounting that gains in the rand — which has appreciated by nearly 60 percent from a historic low of 13.85/dollar late in 2001 — will rein in exports, which account for about 35 percent of gross domestic product.
		The rand firmed two cents to 7.21/dollar on the news before retracing to 7.23, in thin after-hours trade.
	business.iafrica.com /news/235460.htm (640 words)

	The currency premium and local-currency denominated debt costs in South Africa (Site not responding. Last check: 2007-11-07)
		This paper aims at identifying the determinants of South African currency premia, which usually form an important element of debt cost in developing countries, in order to assess the scope of South African economic policies for narrowing the spread on local-currency denominated debt.
		The paper argues that South Africa is one among very few emerging economies able to borrow long-term domestically and abroad in its own currency, the rand, and one of the few to have developed its domestic bond market fairly well.
		However, the rand nominal exchange rate has proved increasingly unstable and volatile over the last years.
	www.eldis.org /static/DOC14335.htm (282 words)

	Pressure on mine jobs eases as rand weakens (Site not responding. Last check: 2007-11-07)
		On Friday the rand was around R6.50 to US $1, having previously tested the R6.00 to US $1 level.
		The Bank lowered its repo rate, at which it lends to commercial banks, from 8 percent to 7.5 percent, and commercial banks in turn lowered their prime lending rate to 11 percent, the lowest in decades.
		We were clear: put it [the currency] between R7,50 and R9 [to the dollar]...
	www.irinnews.org /print.asp?ReportID=42665 (695 words)

	What is the reason this time? (Site not responding. Last check: 2007-11-07)
		The Common Monetary Area is the agreement between Namibia, Lesotho, Swaziland and South Africa to use the latter's currency as either sole legal tender or as parallel legal tender, and as par-value external trading medium for the smaller currencies.
		Earlier this week, the Rand went as high as R10-96 against the US dollar after even I almost started to believe the SARB is now exercising its function as monetary regulator.
		Unfortunately I believe we have crossed that point where we had a balance between exchange rate and inflation, and as I said earlier in the year, I believe we are headed for a period of sustained high inflation and sustained high interest rates.
	www.economist.com.na /2002/23aug/08-23-04.htm (550 words)

	Namibia Shopping & Namibia Exchange Rate \| iExplore
		The import and export of local currency is limited to NAD50,000.
		The import of foreign currency is unlimited, provided declared on arrival.
		Export of foreign currency is unlimited up to amount imported and declared as long as the departure is within 12 months.
	www.africa.com /dmap/Namibia/Shopping (263 words)

	Calculator for South African Rand (ZAR) Currency Exchange Rate Conversion (Site not responding. Last check: 2007-11-07)
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		The South African Rand is the currency in South Africa (ZA, ZAF).
		View the currency factors, the data sources, the update dates, and smallest currency units
	coinmill.com /ZAR_calculator.html (342 words)

	FXConverter - 164 Currency Converter (Site not responding. Last check: 2007-11-07)
		FXConverter (Foreign Exchange Currency Converter) is a multi-lingual Currency Converter with up to date exchange rates provided from leading market data contributors and is filtered for validity.
		To get the exchange rates for any of the 164 currencies, select the desired currencies from the lists below, as well as the date, language, and amount for which you would like to conduct the currency conversion.
		Important: All currencies are listed with the name of their country first.
	www.oanda.com /converter/classic (285 words)

	South African Exchange Rates \| Foreign Currency to South African Rand (ZAR)
		Foreign Currency to South African Rand (ZAR)
		South African Currency: 1 Rand (R) = 100 cents (c).
		Currency exchange rates are available at banks and published daily in the press.
	www.sa-venues.com /exchange.htm (256 words)

	South African Rand (ZAR) Currency Information InsideAirports.com (Site not responding. Last check: 2007-11-07)
		Previous issue R50, R20, R10, R5 and R2 Miscellaneous: Previous issues of the South African Rand are still accepted as legal tender.
		The South African Reserve Bank is responsible for issuing the South African Rand.
		100 cents is equivalent to 1 South African Rand.
	www.insideairports.com /currencies/zar.asp (76 words)

	South African rand fairly valued \| newratings.com (Site not responding. Last check: 2007-11-07)
		NEW YORK, June 25 (newratings.com) – Analysts at Merrill Lynch say that the South African currency, the rand (ZAR), is fairly valued at its current level, contrary to the general market opinion of the currency being overvalued.
		The analysts are optimistic about the performance of the currency in the near term.
		The currency’s attractive valuation, interest rate differentials, stable commodity prices and portfolio inflows are identified by the analysts as the positives for the rand in the near future.
	www.newratings.com /analyst_news/article_305598.html (230 words)

	South Africa Exchange Rates \| Convert Foreign Currency to South African Rand
		SA Currency: One Rand (R) = 100 cents (c).
		Currency exchange rates are viewable below and available at banks and published daily in the press.
		You are using a browser which does not support the IFRAME tag.
	www.golfing-safaris.co.za /currency.htm (219 words)

	Convert Pounds Sterling (GBP) and South African Rand (ZAR): Currency Exchange Rate Conversion Calculator (Site not responding. Last check: 2007-11-07)
		Click on a currency to convert between that currency and all other currencies.
		Pound Sterling is the currency in Channel Islands, Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, GB, GBR, UK).
		Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, the English Pound, British Pound Sterling, BPS, and Sterlings.
	coinmill.com /GBP_ZAR.html (410 words)

	Foreign currency converter for South Africa Rand currency holidays by Selftours
		By using this service, you agree to be bound by the terms of use agreement.
		Note that there are far more currencies available than the initial four displayed.
		Universal Currency Converter and the spinning currency logo are trade marks of Xenon Laboratories Incorporated.
	www.selftours.co.za /exchange.html (244 words)

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