Showing posts with label South African Reserve Bank. Show all posts
Showing posts with label South African Reserve Bank. Show all posts

04 May 2023

South Africa: Reserve Bank launches new banknotes and coins

The South African Reserve Bank (SARB) has unveiled South Africa’s upgraded banknotes and coin on 03 May 2023. The new denominations are available from today (04 May 2023) and will be introduced incrementally. The upgraded banknotes and coin series will co-circulate with the current series and retain the same value per denomination. The security upgrade is in line with international best practice to ensure we stay ahead of counterfeiters.

The upgraded banknotes continue to pay homage to South Africa’s first democratically elected president, Nelson Mandela, with his portrait featured on the front of all five denominations while the Big Five animals are depicted as a family. The new (fourth decimal) coin series is based on the theme of deep ecology, which celebrates the interconnectedness of humans and other living organisms as an integral part of the environment.

  • R5 depicts the southern right whale along with a school of galjoen - South Africa’s national fish.
  • R2 features the springbok family along with its habitat.
  • R1 depicts the king protea.
  • 50c depicts the Knysna turaco.
  • 20c shows the bitter aloe.
  • 10c depicts the Cape honey bee.

26 February 2018

South Africa: New coin and banknotes for Nelson Mandela's 100th birthday! [UPDATE]

The South African Reserve Bank (SARB) will launch a set of commemorative South African banknotes in honour of what would have been Nelson Mandela's 100th birthday. These notes will cover all denominations – R10, R20,  R50, R100 and R200. At the same time, the South African Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Madiba's birth centenary. It is expected that the commemorative banknotes and coin will be introduced into circulation in South Africa from 18 13 July 2018.
The existing Mandela series of banknotes (from 2012) 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.


South Africa, R5 coin 2018, Nelson Mandela, Rand, 5 Rand
via: http://www.gpwonline.co.za

The the R5 circulation coin and every commemorative banknote will take the individual on a historical journey with former President Mandela:
  • The commemorative R5 circulation coin features a portrait of Madiba, smiling at the nation he helped to build.
  • The R10 banknote is inspired by the rolling hills of the Eastern Cape, featuring Madiba’s humble birthplace of Mvezo.
  • The R20 banknote features Mandela’s home in Soweto, where he defined his political life alongside other struggle icons.
  • The R50 banknote depicts the site where Madiba was captured near Howick following 17 months in hiding. This moment set in motion events that would change his life forever.
  • Madiba's time on Robben Island is depicted on the R100 banknote, where he was incarcerated for 18 of his 27 years in prison.
  • The inspiration for the R200 banknote comes from the moment when Madiba greeted the nation for the first time as a statesman. 

05 September 2012

South Africa: New banknotes to feature former president Nelson Mandela

update (31 Oct 2012): The bank notes featuring former president Nelson Mandela will enter circulation in South Africa on 06 November 2012, the South African Reserve Bank said on 30 Oct 2012. 

The South African Reserve Bank announced the forthcoming introduction of a new series of banknotes honouring former president Nelson Mandela. The new banknotes, which are equipped with a unique combination of state-of-the-art security features, will come into circulation before the end of 2012. The new banknotes will also have enhanced features for the visually impaired, including raised print on both sides.
The front of the banknotes feature an image of South Africa's first democratically elected president Nelson Mandela, while the back of the notes have maintained the "Big Five" animal images that appear on current banknotes. The current and the new banknotes will co-circulate and both are legal tender.

screenshot

update (21 Sept 2012): To introduce South Africa's new banknotes, the South African Reserve Bank has released a TV commercial to inform the public.