SOUTH AFRICA ISSUES NEW BANKNOTES IN HONOUR OF NELSON MANDELA’S RELEASE

PRETORIA– As part of the commemoration to mark the 28th anniversary of the release from prison of former President Nelson Mandela, the South African Reserve Bank (SARB) has announced that it will issue a set of commemorative banknotes to honour the former statesman’s centenary.

Mandela would have turned 100 years this year and various events have been planned to celebrate his centenary.

The South African Reserve Bank 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 – 10 Rand, R20, R50, R100 and R200,” the bank said in a statement here Sunday.

In addition, the South African Mint, a subsidiary of the SARB, will issue a new five-Rand circulation coin celebrating Mandela’s birth centenary.

The existing Mandela series of banknotes as well as the existing five-Rand 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, said the central bank.

The SARB expects the commemorative banknotes and coins to be introduced into circulation from July 18 on what would have been Mandela’s 100th birthday.

Source: NAM NEWS NETWORK