South African Reserve Bank honours Nelson Mandela 100 years with new banknotes

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The South African Reserve Bank (SARB) will this year launch a set of commemorative South African banknotes in honour of what would have been Nelson Mandela’s centenary.

These notes will cover all denominations – ZAR10, ZAR20, ZAR50, ZAR100 and ZAR200.

At the same time, the South African Mint, a subsidiary of the SARB, will issue a new ZAR5 circulation coin celebrating Mandela’s birth centenary.

The existing Mandela series of banknotes as well as the existing R5 coin in circulation will remain legal tender and will continue to be issued.

This means that the new commemorative banknotes and coin will circulate alongside the existing banknotes and coin.

It is expected that the commemorative banknotes and coin will be introduced into circulation from 18 July 2018. Further details will be communicated to the public closer to the time.

“Nelson Mandela represented the best version of ourselves as South Africans. We unveiled the current Mandela series of banknotes in 2012 to honour him. While preserving the value of money is our main mandate, our purpose is to be a bastion of institutional strength, contributing to a stable and prosperous economy that serves the well-being of all South Africans, and guided in part by Madiba’s values,” said Lesetja Kganyago, South African Reserve Bank Governor.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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