New bank notes to be launched to mark Madiba’s centenary

A set of commemorative South African banknotes in honour of what would have been Nelson Mandela’s centenary will be launched by the South African Reserve Bank (Sarb) this year, South Coast Sun reports.

The central bank advised that these notes will cover all denominations – R10, R20, R50, R100 and R200 while, at the same time, the South African Mint, a Sarb subsidiary, will issue a new R5 circulation coin celebrating Mandela’s birth centenary.

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“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 Sarb governor Lesetja Kganyago.

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, with the new commemorative banknotes and coin in circulation alongside the existing banknotes and coin.

The commemorative banknotes and coin are expected to be introduced into circulation from 18 July. Further details will be communicated to the public closer to the time.

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