South African Reserve Bank Act, 1989 (Act No. 90 of 1989)15. Monetary unit |
| (1) | Subject to the provisions of section 14(1), the monetary unit of the Republic shall be the rand (abbreviated as R), and the cent (abbreviated as c), which is one hundredth part of the rand. |
| (2) | The respective values, in rand and cent, of coins manufactured and issued under other designations than rand and cent and which by virtue of the provisions of section 14(1) remain in circulation, shall be as set out in the table hereunder: |
TABLE
Coin in circulation under the designation of- |
Value in rand and cent: |
Pound/sovereign Half-pound/half sovereign Crown Half-crown Florin Shilling Sixpence Threepence Penny Half-penny Farthing |
Two rand One rand Fifty cents Twenty-five cents Twenty cents Ten cents Five cents Two-and-a-half cents Ten-twelfths of a cent Five-twelfths of a cent Five twenty-fourths of a cent |