Central Banking

New South African banknotes will portray image of Mandela


The South African Reserve Bank is producing a new banknote series, featuring images of Nelson Mandela – the first president to be democratically elected in the country.

Current president Jacob Zuma said the redesign was a "befitting tribute to a man who became a symbol of this country's struggle for freedom, human rights and democracy". Zuma said it was a "humble gesture", via which the South African people were expressing the "deep gratitude" felt for Mandela's "life spent in service of the

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