What does R stand for?

South African Rand (national currency)

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Routine Routine (logging abbreviation) Rua (Portuguese: street; postal usage) Run (baseball/softball) Runner (Mic-O-Say, Heart of America Council, Boy Scouts of America) Rupees Rural Russian (rabbit breed) search radius (US DoD) Set of Real Numbers (math)		Third Heartbeat Wave Thursday (using one letter for each day of week) US DoT tire speed rating (106 mph) US Revenue Stamp (Scott Catalogue prefix; philately) Research and Development Remove and Replace Rest and Relaxation Royal Newfoundland Regiment Ventricular Extrasystoles (premature ventricular (qRS) complex in the electrocardiogram interrupting the t wave of the preceding beat) Real (Brazilian currency)

Samples in periodicals archive:

Namibia s currency is pegged to the South African rand and the central bank generally follows monetary policy set by its neighbor.

Namibia: Namibia s Central Bank Keeps Benchmark Rate Unchanged at 7%

For most of the year Zimbabwe has used US dollars, South African rand and other hard currencies for all of its dealings, after the local currency was left worthless by a decade of world-record hyperinflation.

Zimbabwe unveils $142 mln in farm aid

75 billion South African rand, or roughly $222 million.

Philip Morris to buy South Africa snuff maker

However, Gold Fields notes that group cash costs and notional cash expenditure are expected to be lower than the October guidance as a result of favourable exchange rate movements against the South African Rand and the Australian Dollar.

Gold miner updates Q2 guidance

That deal, reportedly worth up to 90bn South African rand (£6bn), is contingent on Telkom demerging its stake in Vodacom, which has 34 million customers in South Africa.

Vodafone offers £1.2bn for control of Vodacom

Operating profits fell 2pc to[pounds sterling]757m, hit by the weak dollar and South African rand and after a [pounds sterling]29.

Old Mutual's blessing for Friends' marriage plans

INSURANCE giant Old Mutual today posted a 12% fall in profits as theweak South African rand and US dollar overshadowed rising sales.

Old Mutual drops 12% on a hit from the weak rand and dollar

So, while I am no banker, in my opinion the only way that a monetary union can be achieved is for each regional economic community to align itself with the currency of its strongest member--so Ecowas would adopt the Nigerian naira, Comesa the Egyptian pound and SADC the South African rand (while Francophone countries retain the French franc zone system).

Single currency for Africa: the case for economic unity