Wednesday, 28 March 2012

CURRENCY

South Africa's unit of currency is the rand, which is divided into 100 cents. Coins come in denominations of 5c, 10c, 20c, 50c, R1, R2 and R5, and notes in denominations of R10, R20, R50, R100 and R200. The Zambian kwacha, denoted by ZMK, is the official currency that has been used in Zambia since 1968. The ZMK, which is further divided into 100 ngwee, gets its name from the Bemba word for "dawn" which alludes to the Zambian nationalist slogan of a "new dawn of freedom". In 2003, Zambia printed its 500 and 1000 banknotes on polymer, being the first African country to do so. Other Currencies Accepted: All major currencies, however United States Dollars and British Pounds are most common. The Botswana pula is the official currency of Botswana. The ISO code for the Botswana pula is BWP. The BWP is subdivided into 100 thebe. The Botswana pula maintains a composite peg. The currency name "pula" comes from the Setswana word that means rain. Botswana is located in the Kalahari Desert, where rain is rare.

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