A South African gold coin with a portrait of President Kruger on the obverse.In 1977, the American comedienne Bette Midler demanded that she be paid $600,000 for a European tour in South African gold krugerrands....
It is used in the manufacture of coins such as krugerrands.
Others say it's to put your cash into krugerrands.
Origin
1967: from the name of S. J. P. Kruger (see Kruger, Paul) + rand1.