South African rand

Description

The rand was introduced in the Union of South Africa on 14 February 1961, three months before the country declared itself a republic. A Decimal Coinage Commission had been set up in 1956 to consider a move away from the denominations of pounds, shillings, and pence; it submitted its recommendations on 8 August 1958. It replaced the South African pound as legal tender, at the rate of 2 rand to 1 pound, or 10 shillings to the rand. The government introduced a mascot, Decimal Dan, “the rand-cent man” (known in Afrikaans as Daan Desimaal). This was accompanied by a radio jingle, to inform the public about the new currency.

Source: en.wikipedia.org