South African Rand to Gibraltar Pound

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 Gibraltar pound (sign £, code GIP) is a sovereign currency of Gibraltar. The currency is also known as the livre. It is used along with the British pound sterling at par.

Pennies are used as change for the Gibraltar pound. One GIP has 100 pennies. The currency became the main payment unit in 1898. Every 2 years, the Gibraltar’s Mint manufactures a 2-pound coin with a new design. There are coins telling a story of a well-known myth – 12 labors of Heracles.