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ZAR, which stands for South African Rand, is the official currency of South Africa. It is also used as the official currency in the Common Monetary Area, which includes Eswatini and Lesotho. The currency is denoted by the symbol "R" and is further subdivided into 100 smaller units called cents. The South African Reserve Bank is responsible for issuing and regulating the currency. The rand is widely used in both physical and electronic transactions within the country and is also accepted in some neighboring countries. The exchange rate of the rand fluctuates in response to various economic factors, including inflation, interest rates, and geopolitical events. Overall, the rand plays a crucial role in the South African economy and is an important currency in the Southern African region.