South Africa: Reserve Bank Launches New Banknotes and Coins - South African News Briefs - May 4, 2023

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Reserve Bank Launches New Banknotes and Coins - South African News Briefs - May 4, 2023 allafrica: SouthAfrica

The South African Reserve Bank is releasing an upgraded set of banknotes and coins, which feature enhanced security features, a splash of colour, and some new plants and animals, reports. The changes are in line with international best practices, as countries are encouraged to regularly upgrade their banknotes and coins to fight against counterfeit notes.

The upgraded banknotes and coins will start circulating this week, and existing notes and coins will continue to be legal tender.Former Wesgro CEO Tim Harris has been appointed as the chairperson of the South African Tourism interim board, reports. Wesgro is the official tourism, trade, and investment promotion agency for the Western Cape. Harris is joined on the interim board by Zwelibanzi Mntambo, a former SAT board chair, and former colleague Zweli Mntambo who was CFO at Wesgro.


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