Fin24

Marcus: Madiba excited about new notes

2012-11-06 09:35

Pretoria - Former president Nelson Mandela is excited about the new banknotes bearing his image which went into circulation on Tuesday, SA Reserve Bank (Sarb) governor Gill Marcus said in Pretoria.

"He is delighted, very excited about it. We did show him the designs, the drafts and everything else," she said.

"This is our way to pay tribute to him. Madiba does represent something special, not only in South Africa. He is really an extraordinary human being."

Marcus made the first transaction with the new banknotes on Tuesday morning at the Lynnwood Housewives' Market, east of Pretoria.

"As far as I am aware, yes (I am the first person using the notes). How privileged am I?," she said, laughing.

The governor was mobbed by reporters and camera crews when she went around the fruit and vegetable shop picking produce. She bought packets of nuts, beetroot, a sliced melon and a cucumber for R159.99.

Marcus said the new banknotes would be available at banks and automated teller machines later on Tuesday.

"We want to ensure that everyone is familiar with the new notes, whether you are in rural or urban areas, because we don't want anyone making a dummy of some kind," she said.

She said there were heightened security features on the new notes to avoid counterfeiting.

"It's hard to replicate. You have to feel the raised print, look for the watermark and if you tilt it you can see the moving colours," she said.

In September, the SA Reserve Bank launched a national campaign for the new range of banknotes honouring Mandela.

The bank said the range was themed "One of a kind" and that the campaign was aimed at educating the public about the banknotes.

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

Security features include watermarks, micro-printing, and unique numbering. Raised printing was added to assist the visually impaired.

The new banknotes are the same size as the old notes, which will remain legal tender.

Marcus said that as at December last year, banknotes to the value of R100bn were circulating within the South African economy.

 

Comments
  • mashudu.ndou.3 - 2012-11-06 09:45

    Cant wait!

  • gary.desousa.7 - 2012-11-06 10:19

    Who cares really, its a piece of paper that can buy something,maybe not a lot but something.

  • michangel.justice - 2012-11-06 10:21

    another sign of the mark of the beast, "elementary my dear Watson,elementary". (not saying at all madiba is a beast, please dont get me wrong people, i voted twice for the man) but do a live public broadcast and i might believe anything the media says about madiba and his current state of health...... The truth will be revealed, "what is been kept in the dark must come into the light".

  • mastersvoice - 2012-11-06 11:17

    I think it right that these banknotes honour the man. The Mandela era does, however, feel like it happened a long, long time ago. It seems there is very little of his legacy left over to feel positive about, so maybe these banknotes will help us remember the good days when we had a real leader. Especially in these days where the Zuma regime is rapidly dismantling the "Rainbow Nation" and the "New South Africa", and has all but destroyed the drive towards "a better life for all".

  • dimitripappas - 2012-11-06 11:51

    "The new R200, R100, R50, R20, and R10 notes show Mandela's face on the front, and the Big Five animals, which appear on the existing notes, on the back." -- Is it just me, or does that sound like a bad idea? Mandela's face on the front ALL the banknotes? There's a good reason why the old banknotes had a different animal for on the face of banknotes with different value

  • baldersnatch - 2012-11-06 12:45

    "The governor was mobbed by reporters and camera crews when she went around the fruit and vegetable shop picking produce. She bought packets of nuts, beetroot, a sliced melon and a cucumber for R159.99." Such a strong currency...

  • theo.joubert.37 - 2012-11-06 15:33

    I had the privilege today of handling some of these new notes. To say the least it looks like monopoly money. The paper quality is very poor, and I would like to see how long it would last before it is not usable anymore.

  • theo.joubert.37 - 2012-11-06 15:41

    I had the privilege today of handling some of these new notes. To say the least it looks like monopoly money. The paper quality is very poor, and I would like to see how long it would last before it is not usable anymore.

  • hjkavdkah - 2012-11-06 16:03

    News 24 Stop deleting my MSG - En nou is die Terrorist/Satan op jou geld - Vat wat jy kan en kom uit SA uit so gou as moontlik

  • lionel.schultz.1 - 2012-11-06 18:07

    Naturally the purchases of R159.99, will be a business expense claim. Totally against having images of presidents, kings and queens and other so called more important individuals on bank notes and coins, and having towns, cities and street named after them. Most of my purchases are by credit so little need to carry Randela Terrorist bank notes. I felt the same during the apartheid era with towns, suburbs and streets named after ex Nat presidents.

  • andre.kuhn.583 - 2012-11-13 15:47

    This opens just the door to the R 500 Zuma note. I do not like faces on any money. I am against any "cult".

  • pages:
  • 1