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Security features introduced on the coin include a bimetal design (similar to the €1 and €2 coins, the Thai ฿10 coin, the pre-2018 Philippine ₱10 coin, the British £2 coin, and the Canadian $2 coin), a specially serrated security groove along the rim, and microlettering. The 1 rand coin for circulation was introduced in 1967, followed by 2 rand coins in 1989 and 5 rand coins in 1994. Coins were introduced in 1961 in denominations of 1⁄2, 1, 2+1⁄2, 5, 10, 20, and 50 cents. The rand has never suffered from much inflation compared to other African currencies, with the same value as other currencies such as the Euro, US dollar and Renminbi since 2016. In October 2022, the rand sank to its lowest point in two years, reaching R18.46 to the US dollar on 25 October 2022.
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