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What does R stand for?

R stands for South African Rand (national currency)

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

  • Business, finance, etc.

See other definitions of R

Samples in periodicals archive:

8 Kyodo The Tokyo branch of Germany's Commerzbank was ordered Friday by Japan's financial watchdog to clarify the responsibilities of its management for making a below-market quotation last autumn for the South African rand which resulted in settlements at an inappropriate rate.
What the Pound Buys Abroad also shows sterling is up 15 per cent in a year against the South African rand and 19 per cent in two years against the Jamaican dollar.
Chief culprit is the strength of the national currency, the Ilangeni, which is pegged to the South African rand currency through the region's Common Monetary Area arrangement.