New Mandela Notes Are On The Way
Remember back in February when the SA Reserve Bank called an unscheduled media briefing, didn’t give too much info about the reasons for it and the Rand tumbled 2.5% in moments? Turned out that they just wanted to let us know that South Africa would be getting a new series of banknotes featuring a portrait of Nelson Mandela.
Well the RB Governor was up in front of the media again today (this time with advance notice of the briefing) to confirm that the Mandela notes were well on their way to general circulation, and that hopes were still high that we would be seeing the first ones before the end of the year.
The full release is below these rather poor images of the new notes (there will also be a new R200 note). My apologies for the lousy images… they will be replaced as soon as I can source better quality shots.
The South African Reserve Bank today launched a national communication campaign around the forthcoming introduction of the country’s new series of banknotes honouring former president Nelson Mandela.
Themed “One of a Kind,” the campaign is aimed at educating and raising public awareness of the new banknotes, which will come into circulation before the end of this year.
“We are pleased to issue this new series of banknotes which reflects South Africa’s pride as a nation and pays tribute to a much-loved world icon,” said the Reserve Bank Governor, Gill Marcus, speaking at the launch of the campaign today.
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.
Equipped with a unique combination of state-of-the-art security features, the new series of banknotes is amongst the best in the world. Additionally, the banknotes have enhanced features for the visually impaired, including raised print on both sides.
Information about the new banknote series will be widely publicised on television, radio, print media and social media platforms, as well as through a nationwide road show to all the nine provinces of the country.
The Reserve Bank’s head office building in Pretoria has been wrapped with a 25-storey high billboard to create further public awareness of the new banknotes, and commercial banks and other cash handling institutions have been sensitised on the new banknotes, while training is currently underway.