Pretoria - The SA Reserve Bank launched a national campaign
on Wednesday on a new range of banknotes honouring former president Nelson
It said the range was themed "One of a kind" and
that the campaign was aimed at educating the public about the banknotes, which
would enter circulation before the end of the year.
The new R200, R100, R50, R20, and R10 notes would show
Mandela'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," Sarb governor Gill Marcus said at the bank's head
office in Pretoria.
She said the campaign had already started in other countries
on the continent which used the South African rand. These included Namibia,
Swaziland and Lesotho, Zimbabwe, Kenya and Tanzania.
The banknotes already in circulation remained a legal tender
and were of equal value to the one to be introduced.
Marcus said that as at December last year, R100bn of
banknotes were circulating within the South African economy.
She said it was regarded as a best practice internationally
for central banks to upgrade the security features of their banknotes every six
to eight years.
"This is to combat counterfeiting, which diminishes the
value of real money, robs countries worldwide of billions of rand annually and
tarnishes the credibility of a currency, thereby impacting on the growth of
that economy," she said.
"We've done our best to ensure that they cannot be
The campaign would end in March.
"We are very thankful for the recognition of Tata
(Mandela) in this manner," said Winnie Madikizela-Mandela, who attended
"We think it is the best birthday present he ever
received on his 94th birthday."
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