The Rand is the currency of South Africa. It was first introduced in 1961, when South Africa became an independent Republic, replacing the South African Pound as legal tender. One Rand is divided into 100 cents. The Rand is available as 5 bills (R10, R20, R50, R100 and R200) and 9 coins (1c, 2c, 5c, 10c, 20c, 50c, R1, R2 and R5).