The currency of the country is the Rand (R) (100 cents equals R1.00). Currency and travellers cheques can be exchanged at banks and major international credit cards such as American Express, Bank of America, Diners, MasterCard, Visa and their affiliates are accepted. However, use may be restricted in small towns and country areas. The relatively low value of the Rand to other major currencies makes the country financially attractive to the foreign gay traveller.
South Africa has a sophisticated, world-class banking system that operates much like in developed countries. Automatic teller machines (ATMs) are situated outside most banks in towns and cities and operate 24 hours a day. Most commercial banks are open from 09.00 - 15.30, Mondays to Fridays, and from 08.30-11.00 on Saturdays.