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
The RAND Journal of Economics journal in the spring of 1970 with the name The Bell Journal of Economics and Management Science. From 1975–1983 it was titled The Bell Journal of Economics. In 1984, after transfer to the RAND Corporation, it acquired its present name. The RAND Journal of Economics The RAND Journal of Economics (usually called Rand Journal or simply Rand ) is a peer-reviewed scholarly journal of economics published quarterly by Wiley-Blackwell on behalf of the RAND Corporation. The journal's purpose is "to support and encourage research in the behavior of regulated industries, the economic analysis of organizations, and more generally, applied microeconomics".