Rand Stadium Rand Stadium The Rand Stadium is a stadium in Rosettenville, a suburb of Johannesburg, South Africa. It was set to be utilized as a training field for teams participating in the 2010 FIFA World Cup after being completely rebuilt and reopened in August 2008. Despite the relatively small capacity, it is regarded as one of the best playing surfaces in the country. Rand Stadium was constructed between 1949 and 1951 at a cost of £60,000 with a capacity of 15,000. Over time extensive renovations have been carried out, the first between 1964 and 1965 in which facilities were added and
Optimum currency area rationale behind the creation of the euro is that the individual countries of Europe do not each form an optimal currency area, but that Europe as a whole does. The creation of the euro is often cited because it provides the most modern and largest-scale case study of an attempt to identify an optimum currency area, and provides a comparative before-and-after model by which to test the principles of the theory. In theory, an optimal currency area could also be smaller than a country. Some economists have argued that the United States, for example, has some regions that do not