about forex trading in south africa history

<p><strong> about forex trading in south africa history</strong> <br /> South Africa's rand was launched in February 1961, coinciding with the establishment of the Republic of South Africa. The currency name, Rand, was derived from Witwatersrand, an Afrikaner term for "white waters ridge." Witwatersrand is the geographical location of a 56-kilometer long ridge that was historically the site of intense mining activities. It is located northwest the city of Johannesburg. In 1886 the discovery of gold in the region by two prospectors attracted multitudes of wealth-seekers and labourers, which led to the founding of the city. The area became one of the world's largest producers of gold, with more than 50,000 tonnes extracted since its discovery, or about half of all production around the globe.[1] The rand is symbolised by R and has a currency code of ZAR. There is currently more than R1.4 trillion in circulation. A volume of approximately US$60 billion of the currency is traded daily on South Africa's foreign exchange market including spot and futures trade. The currency is regulated by the South African Reserve Bank. The currency has banknotes of R10, R20, R50 R100 and R200, and they feature images of former president Nelson Mandela on one side and South African fauna on the other. <br /><br /></p>

<p><iframe src="//www.youtube.com/embed/SnXghaxCitM" width="425" height="350"></iframe></p>