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
James Rand Jr. Irving Fisher), Safe-Cabinet Co. (which had invented the fire-proof safe), Library Bureau, Inc. (which had invented the filing cabinet), Dalton Adding Machine and Baker-Vawter Ledger. For a brief time in 1926, the company was known as Rand Kardex Bureau, Inc. In 1927, James Rand Jr. merged his company with the Remington Typewriter Co. (which had invented the noiseless and electric typewriters) and changed its name to Remington Rand. Company sales grew from $5 million in 1927 to $500 million in 1954. James Rand, Jr.'s wife, Miriam, died in 1927. He married the former Evelyn Huber in 1929. Rand was named