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New banknote range honours Mandela

THE RESERVE Bank launched an awareness campaign yesterday about a new range of banknotes honouring former president Nelson Mandela.

It said the theme of the range was “One of a kind” and that it would enter circulation before the end of the year.

The new R200, R100, R50, R20, and R10 notes would show the former president’s face on the front, and the Big Five animals, which appear on the existing notes, on the back.

Security features would include watermarks, micro-printing, and unique numbering. There would be raised printing for the visually impaired.

The new banknotes would be the same size as those already in circulation to avoid confusing the visually impaired.

“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,” central bank governor Gill Marcus said.

Marcus said that as at December last year, banknotes to the value of R100 billion were circulating within the South African economy.

The campaign cost R32 million and would end in March.

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