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

  • 📰 allafrica
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank launches new banknotes and coins for South AfricaThe South African Reserve Bank has officially launched new banknotes and coins for South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Reserve Bank launches new South African banknotes and coinsThe Reserve Bank says the currency continues to celebrate our heritage.
Source: eNCA - 🏆 49. / 51 Read more »

Reserve Bank reveals SA's new look banknotes and coinsThe entire range of banknotes and coins have been upgraded with enhanced security features and new designs — but will continue to pay tribute to the country’s first democratically elected president with the portrait of Nelson Mandela on the bank notes.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

SA's new money: the inside story from the Reserve BankMandela, a honey bee, a whale and a spinning colour circle all play a role in combating counterfeiting.
Source: TimesLIVE - 🏆 28. / 59 Read more »

South Africa: Stubborn inflation puts central bank in quandaryInflation has accelerated in SouthAfrica above market expectations, adding more financial pressure on the already ailing economy. Report by RMwareya
Source: TheAfricaReport - 🏆 29. / 55 Read more »

SARB launches upgraded banknotes and coins - SABC NewsThe South African Reserve Bank (SARB) has introduced upgraded banknotes and coins into the South African market, which will be available from the 4th of May 2023.
Source: SABCNews - 🏆 37. / 51 Read more »