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S Africa to launch banknotes in Mandela's remembrance

IANS  |  Johannesburg 

The (SARB) said on Sunday it will launch a set of commemorative banknotes in honour of what would have been Nelson Mandela's centenary.

The central said it would release 10, 20, 50, 100 and 200 rand denominations as part of Mandela's centenary celebrations, quoted a statement as saying.

"represented the best version of ourselves as South Africans," SARB said.

"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 that serves the well-being of all South Africans, and guided in part by Madiba's values," he said.

The South African Mint, a subsidiary of the SARB, will also issue a new five rand coin celebrating Mandela's centenary.

The late South African was born in July 18, 1918.

The new banknotes and coins will be released on July 18, 2018.

The central said the new and old currencies will continue circulating together.

Mandela was a revered world icon for his reconciliatory stance and his fight for the county's democracy and social justice.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 06:00 IST