Editing Decimalisation (section)

==== South Africa ====
The [[South African rand|rand]] was introduced on 14 February 1961. A Decimal Coinage Commission had been set up in 1956 to consider a move away from the denominations of pounds, shillings and pence, submitting its recommendation on 8 August 1958.<ref>Mboweni, T.T. 2001. The Reserve Bank and the Rand: some historic reflections. Speech by the Governor of the Reserve Bank 29 Nov 2001. http://www.reservebank.co.za</ref> It replaced the [[South African pound]] as legal tender, at the rate of 2 rand = 1 pound or 10 [[shilling]]s to the rand. Australia, New Zealand and [[Rhodesia]] also chose ten shillings as the base unit of their new currency.