New banknotes featuring an image of former president Nelson Mandela have started circulating this week.
Reserve Bank Governor Gill Marcus said: “Our currency is a unique symbol of our nationhood, with many of us handling banknotes every day. The Reserve Bank is proud to be able to honour South Africa’s struggle icon and first democratically elected President in this way, and we thank all our stakeholders for their hard work in making this process possible.”
An education and public awareness campaign has preceded the circulation launch, with advertisements flighted on television, radio, newspapers and magazines, as well as online and on social media platforms.
South Africans have been given the opportunity to familiarise themselves with the security features of the new banknotes – prior to the official circulation – through road shows and public outreach events nationwide. Common Monetary Areas (CMA) such as Swaziland, Namibia, Lesotho, Mozambique, Botswana and Zimbabwe are included in these awareness efforts.
The current and new banknotes will co-circulate and both remain legal tender.
For more information visit: http://banknotes.resbank.co.za/media/the-campaign