SARB announced that they will print all denominations – R10, R20, R50, R100 and R200 notes. As part of the celebrations, the South African Mint, a subsidiary of the SARB, will also be issuing a new commemorative circulation R5 coin.
Madiba would have been a hundred-years-old this year on 18 July and the country is geared to celebrate with a series of commemorative events. SARB is preparing for the launch of the notes and R5 coin. Test packs of the commemorative banknotes were made available to members of the broader cash industry to allow them to make adequate preparations in relation to issues such as adaptions of cash processing and cash dispensing machines, ticketing machines and so forth.
The SARB today issued a statement on the design of the Nelson Mandela commemorative banknotes and R5 coin https://t.co/ZiLwMrag9v
— SA Reserve Bank (@SAReserveBank) June 13, 2018
Even though these test packs were governed by strict confidentiality provisions, the SARB says that certain breaches have occurred, and as a result, some of the designs have been circulating on social media. The SARB decided to release all the designs ahead of the official launch scheduled for 13 July 2018 in order to avoid confusion and unnecessary speculation.
More detailed information about the commemorative features of the notes and additional security features will be made available at the time of the official launch.
They said that these notes will be issued into circulation by 18 July 2018 and will co-circulate for a limited time, together with the current Mandela banknote series and the existing R5 coin.
Take a look at the commemorative notes and R5 coin: