Ora (currency) Efficient Group, a South African financial services company, is currently tasked with developing the digital currency in order to reduce costs that are incurred by printing notes. Ora (currency) The Ora (symbol:Φ, ) is the local currency of Orania, an Afrikaner enclave in South Africa. It is pegged at par with the South African rand. The name, recalling that of the town where it circulates, derives from Latin "aurum", meaning "gold". The currency is not sanctioned by the South African Reserve Bank. The first notes were issued in April 2004 to provide an internal currency for Orania as part of
Remington Rand Company and Rand Kardex Corporation. One of its earliest factories, the former Herschell–Spillman Motor Company Complex, was listed on the National Register of Historic Places in 2013. Within the first year, Remington Rand acquired the Dalton Adding Machine Company, the Powers Accounting Machine Company, the Baker-Vawter Company and the Kalamazoo Loose-Leaf Binder Company. One of its earliest factories, the former Herschell–Spillman Motor Company Complex, was listed on the National Register of Historic Placesin 2013. From 1936-1937 Remington Rand went on strike, which resulted in violence and the loss of jobs. From 1942 to 1945, Remington Rand was one manufacturer of