South African rand as Daan Desimaal). This was accompanied by a radio jingle, to inform the public about the new currency. One Rand was worth US$1.40 from the time of its inception in 1961 until late 1971. Its value thereafter fluctuated as various exchange rate dispensations were implemented by the South African authorities. By the early-1980s, high inflation and mounting political pressure combined with sanctions placed against the country due to international opposition to the apartheid system started to erode its value. The currency broke above parity with the dollar for the first time in March 1982, and continued to trade between R
Rand Building England. The Buffalo Broadcasting Company moved its stations WGR and WKBW to the building in 1922; the stations had moved out of the building by 1959. The "GR" in WGR stands for George Rand; the station was founded by the Federal Telephone and Telegraph company in 1922, in which Rand was a major investor. Today, the stations in the Townsquare Media cluster (WMSX, WBLK, WBUF, and WYRK) broadcast from studios in the Rand Building and have their transmitting antennas located atop its beacon. Adjacent to the Rand Building is 10 Lafayette Square in Lafayette Square. George F. Rand Jr. had