Look out for commemorative notes which reflect life and times of Madiba

The South Africa Reserve Bank (Sarb) says that the commemorative banknote series launched in honour of former President Nelson Mandela are already in circulation.

Sarb Governor Lesetja Kganyago says the notes will serve as a reminder to all South Africans of the good work Madiba did for the country.

These notes will cover all denominations, namely R10, R20, R50, R100 and R200.

Kganyago, Finance Minister Nhlanhla Nene and other dignitaries attended the launch of the bank notes and R5 coins in honour of Madiba’s centenary year.

The commemorative banknotes bear Mandela's face but also cover the pivotal moments in his life, reports EWN's Kgomotso Modise.

R10 - represents his birth and life in Mvezo.
R20 - represents his move to Johannesburg.
R50 - marks the time he was held in prison in Howick.
R100 - marks the time he was held in Robben Island.
R200 - represents the transition into democracy, his freedom and the freedom of SA.

The notes and the R5 coin will co-circulate for a limited time. Both sets of currency will remain legal tender.

The notes are already in circulation according to the Reserve Bank head of currency.

Kgomotso Modise, EWN reporter

The notes have started being taken to selected ATMs across the currency.

Kgomotso Modise, EWN reporter

The notes or coins are not collectors items. They will not appreciate in value. They will be traded as normal notes.

Kgomotso Modise, EWN reporter

Take a listen to the EWN update:


This article first appeared on CapeTalk : Look out for commemorative notes which reflect life and times of Madiba


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