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South African Reserve Bank honours Nelson Mandela 100 years with new banknotes

The South African Reserve Bank (SARB) will this year launch a set of commemorative South African
banknotes in honour of what would have been Nelson Mandela’s centenary. These notes will
cover all denominations – R10, R20, R50, R100 and R200. At the same time, the South African
Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Mandela’s birth

The existing Mandela series of banknotes as well as the existing R5 coin in circulation will remain
legal tender and will continue to be issued. This means that the new commemorative banknotes
and coin will circulate alongside the existing banknotes and coin. It is expected that the
commemorative banknotes and coin will be introduced into circulation from July 18. Further
details will be communicated to the public closer to the time.

“Nelson Mandela represented the best version of ourselves as South Africans. We unveiled the
current Mandela series of banknotes in 2012 to honour him. While preserving the value of money
is our main mandate, our purpose is to be a bastion of institutional strength, contributing to a
stable and prosperous economy that serves the well-being of all South Africans, and guided in part
by Madiba’s values,” said SARB Governor, Lesetja Kganyago.

Source: resbank

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