Financial rand during 1984–1985 were largely the result of economic sanctions in response to apartheid. At the same time, the government enacted the exchange controls. Investments in South Africa by foreigners could only be sold for financial rand. The financial rand system provided for two exchange rates for the rand — one for current account transactions and one for capital account transactions for non-residents. Investments made in South Africa by non-residents could only be sold for financial rand, and limitations were placed on the convertibility of financial rand into foreign currencies. Financial rand had the ISO 4217 currency code ZAL. Financial rand
Howard Rand Howard Rand Howard Rand, also known as Howard B. Rand and Howard Benjamin Rand (June 13, 1889 - August 17, 1991) was a lawyer, inventor, and three-time candidate for Massachusetts state office on the Prohibition Party ticket, He headed the former Anglo-Saxon Federation of America, a British Israelist group. He served from 1937 to 1968 as editor of its affiliate Destiny Publishers, which put out "Destiny" magazine (distinct from the magazine of the same name about Black culture). Rand was born in Haverhills, Massachusetts in 1889. He was raised as a British Israelite, and his father introduced him to J.