A rand was worth US $1.40 from the time of its inception in 1961 until 1982, when mounting political pressure combined with sanctions placed against the country due to apartheid started to erode its value.
A rand was worth US $1.40 from the time of its inception in 1961 until 1982. Mounting political pressure combined with sanctions started to erode its value. These sanctions were placed against the country due to apartheid.