The South African Rand was introduced in the year 1961 and takes its name from the Witwatersrand(which is the ridge upon which Johannesburg is built). The rand is subdivided into 100 cents and unlike most other currencies, the decimal separator between a rand and cent is expressed by a comma. The South African Rand is signified with the sign: R and currency code: ZAR. The Central Bank of Nigeria (CBN) is the body in charge of issuing the Naira throughout the country. This is the official currency of Nigeria and a Naira is subdivided into 100 Kobo. The Nigerian naira is signified with the Nigerian currency sign: ₦ and Nigerian currency code: NGN. Rand To Naira Exchange Rate: 1 Zar = 30.20 Ngnīelow is a brief bout of the Rand and Nigerian Naira : The Nigerian Naira.
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