South Africa 14.6.2018 02:16 pm

Reserve Bank launches commemorative Mandela banknotes

The banknotes are expected to go into circulation in just more than a month.

The South African Reserve Bank (Sarb) has said it will be launching its first commemorative banknote series in celebration of the first democratically elected president Nelson Mandela’s birth centenary.

These notes will cover all denominations – R10, R20, R50, R100 and R200 – and as part of the celebrations, the South African Mint, a subsidiary of the Sarb, will also be issuing a new commemorative R5 coin.

Sarb said test packs of the commemorative banknotes had already been made available to members of the broader cash industry to allow them to make adequate preparations in relation to issues such as adoptions of cash processing and cash-dispensing machines, ticketing machines and so forth.

These notes are expected to be issued by July 18, the centenary of the former statesman’s birth.

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