Misled when they were given dollars, initially instead of rand (8)

I believe the answer is:

deceived

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'misled' is the definition.
(deceiving is a kind of misleading)

I don't understand the remainder of the clue.

(Other definitions for deceived that I've seen before include "Led astray, deluded" , "Caused someone to believe something that wasn't true" .)

I've seen this clue in The Irish Times.

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