Egalitarian Voice
Online news outfit that comes with credible and factual news
Click Here
Our Commitment
We are committed to give latest news and update all over the world. We give valid news, events and occurence around the globe
Click Here
Previous
Next

JUST IN: South Africa Unveils New Banknotes, Coins

South Africa has unveiled new banknotes and coins, the country’s first significant currency overhaul in more than a decade.

The South African Reserve Bank (SARB) announced the adjustments, claiming that they were necessary to stay up with technology and avoid counterfeiting.

 

According to reports, the new notes, which will go into circulation, will keep the picture of Nelson Mandela, the nation’s first president chosen democratically before he passed away in 2013.

While the so-called “Big Five” animals of Africa will now be shown with their young, the banknotes will still feature images of the rhino, elephants, lions, buffalo, and leopards.

The images of plants and animals on the coins will depict an ecological theme.

ALSO READ: Must Read: 5 Prayers for Money and Financial Freedom with Bible Scriptures to Up Your Faith

Report says South Africa’s 11 official languages will also be represented on the various banknotes and coins.

There will also be specific physical characteristics to help visually impaired people differentiate the banknotes.

There are no changes, however, to any of the denominations or size of the banknotes.

Existing banknotes and coins will continue to remain legal tender and can be used alongside the upgraded banknotes, according to SARB.

The Deputy Governor of the SARB, Fundi Tshazibana stated that “the notes will also be rolled out in Namibia, Eswatini, and Lesotho which are in a common monetary area with South Africa and where the rand is considered legal tender alongside their own currencies.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Segun Akinlabi

Media Blogger

EgalitarianVoice is a subsidiary of EGALITARIAN MEDIA HUB, it is a blog that keeps you up to date latest news and updates all around the world.

Our articles are written by real life geeks, seasoned and experienced authors.

The site is committed to secure your right cus your voice must be heard and advertisement of your products & services.

The site is managed by Egalitarian Segun AKINLABI who is the Editor-in-chief, others editors from Egalitarian Team Oyo State, Nigeria.

Egalitarian

Featured Posts
Advertisements