rand
n. countable C2 Proficiency US //ˈɹænd// UK //ɹˈænd// rand
n. the basic unit of money used in South Africa. It is divided into 100 cents, just like the dollar or the euro.
n. the official currency of South Africa, subdivided into 100 cents. When used in a geographical context, it refers to a ridge of hills or the edge of a plateau, specifically the Witwatersrand.
The price of the book is fifty rand.
Investors watched the value of the rand closely as the central bank announced new interest rates.
The volatility of the rand against major global currencies often dictates the pace of economic growth and inflation within the Southern African Development Community.
Usage
The plural form is often 'rand' when referring to an amount of money, though 'rands' is also used.