South African Rand to Cuban Peso

The South African rand (sign: R, code: ZAR, number: 710) or rand is the currency used in South Africa, Lesotho and Namibia. It Has been issued since 1961, when the state ceased to be part of the British Commonwealth, upon gaining independence. One rand is divided into 100 cents.

In 2004, rand has been incorporated into the CLS system as one of the international clearing currencies. The name is derived from the abbreviation of the name of the Mountain range Witwatersrand. The word "rand" came into use from the Afrikaans language, but has been modified to be pronounced in an English manner.

The Cuban peso (sign $MN, code CUP) is the national currency of Cuba used along with the convertible peso. One peso can be exchanged for 100 small coins – centavos. The currency has first been issued in 1857.

Before that, the country used the Spanish real for payment. In tourism, the country still uses another currency, which is the convertible Cuban peso. However, recently it has become possible to pay with American dollars in shops and hotels. The government is planning to completely remove the convertible currency and only leave CUP.