What is the official currency of the Republic of South Africa?

Answer and explanation

Correct answer: C. South African Rand (ZAR)

  1. Step 1: The South African Rand was introduced in 1961 upon the establishment of the Republic of South Africa, replacing the South African pound at a 2:1 ratio.
  2. Step 2: It is named after the Witwatersrand ('White Waters Ridge'), the gold-bearing ridge where Johannesburg was founded.
Answer
South African Rand (ZAR)
Why not the others: 'Botswana Pula' is the currency of Botswana; 'Zambian Kwacha' is the currency of Zambia; 'Nigerian Naira' is the currency of Nigeria.

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