For the time being South African rand is often used on our subcontinent, being legal tender in Lesotho, Namibia and Swaziland. The Rand circulates more widely than this by virtue of simply being convenient and appropriate to use for certain types of payment in many other countries. 11.
Maintaining confidence in our money is, of course, not merely a matter of having beautiful designs, good security features, and ensuring that counterfeiters end up in jail. Right at the core of our monetary system is the need to protect the purchasing power of our money.