Reserve Bank to honour Nelson Mandela with more Banknotes

Nelson Mandela

The South African Reserve Bank (SARB) has announced that it will issue a set of commemorative bank notes to honour the 28th anniversary of the release of the Former President Nelson Mandela from prison.

On this day, 28-years ago, the 1st Head of State of our democratic dispensation, the late President Nelson Mandela was released after serving 27 years in prison…

Nelson Mandela would have turned 100 years old this year. 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 – R10, R20, R50, R100 and R200” the bank said on Sunday.

In addition, the South African Mint, a subsidiary of the SARB, will issue a new R5 circulation coin celebrating Mandela’s birth centenary.

“The existing Mandela series of banknotes as well as the existing R5 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 18 July, what would have been Mandela’s 100th birthday.

Further details on the commemorative notes and coins will be communicated to the public closer to the time.

The central bank’s announcement comes as South Africa and the world today mark 28 years since the global icon was released from the Victor Verster prison on 11 February 1990.

The current banknotes that are in circulation that bear the face of the former statesman were unveiled in his honour in 2012.