Rands & Centenaries: The South African Reserve Bank honours Madiba with new banknotes

2018-02-12 10:30 - Saara Mowlana
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Cape Town - The South African Reserve Bank (SARB) have announced that they will be launching a set of commemorative South African banknotes in honour of what would have been Nelson Mandela's, centenary this year. 

READ: Celebrating Nelson Mandela's centenary + 3 Madiba sites every South African must visit

These new banknotes will include all known denominations: R10, R20, R50, R100 and R200 and will operate in circulation and alongside the existing Madiba banknotes.

"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

ALSO SEE: Weekend Wrap: Madiba's centenary celebrations, Local golf courses flying SA's flag high, Exploring emerging routes

South African Mint, a subsidiary of the SARB, will also be releasing a new set of R5 coins celebrating Madiba's birth and centenary. These coins, like the banknotes, will operate in circulation with the existing R5 coins.

Both the new commemorative banknotes and coins are said to be introduced into circulation in July 2018. Further details on both the banknotes and coins and their release are expected to be announced closer to the time.

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