New banknotes to honour Madiba’s centenary
In addition, the South African Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Mandela’s birth centenary.
THE South African Reserve Bank (SARB) has announced that it will issue a set of commemorative banknotes to honour the former Former President Nelson Mandela centenary.
Mandela would have turned 100 years old this year. Events have been planned to celebrate his centenary.
“The South African Reserve Bank 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 – R10, R20, R50, R100 and R200” the bank said on Sunday.
In addition, the South African Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Mandela’s birth centenary.
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“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,” said the central bank.
The SARB expects the commemorative banknotes and coins to be introduced into circulation from 18 July, what would have been Mandela’s 100th birthday.
Further details on the commemorative notes and coins will be communicated to the public closer to the time.
The central bank’s announcement comes as South Africa and the world marked 28 years since the global icon was released from the Victor Verster prison on 11 February 1990.
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