The term African Money can refer to the currency of any country in Africa. The most common currency is the South African Rand, which is abbreviated as RAND and has four letters. The Rand is the official currency of South Africa and is used in Lesotho, Namibia, and Swaziland as well. It is a decimalized currency and is divided into 100 cents. The Rand is issued by the South African Reserve Bank and is one of the most traded currencies in Africa.