Do you have the old Madiba R5 coin? You're in for a big surprise!
The South African Reserve Bank joined Breakfast with Darren Maule on Tuesday morning to showcase the upgraded Mandela banknotes and coins.
On 3 May 2023, the South African Reserve Bank (SARB) unveiled its much-anticipated upgraded Mandela banknotes and fourth decimal coin series, marking a significant milestone in the country's monetary history.
These new additions pay tribute to the iconic late President Nelson Mandela, whose indomitable spirit and unwavering commitment to equality and justice continue to inspire millions around the world.
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So Darren and Sky got a hold of Mahlatse Mahlase from The South African Reserve Bank as well as Pearl Kgalegi who is the Head of Currency at The South African Reserve Bank got to be in the studio.
Pearl was talking to the Breakfast team about how the new money has features that even left many people in SA asking questions.
The upgraded Mandela banknotes are a testament to SARB's dedication to preserving Mandela's legacy while incorporating advanced security features to combat counterfeiting.
Here is a clip of the Breakfast team talking to Pearl asking about how this new money is any different.
According to SARB, the banknotes also showcase the country's diverse fauna and flora, emphasizing South Africa's natural beauty and rich biodiversity.
SARB's fourth decimal coin series complements the upgraded banknotes, offering a refreshed range of coins that reflect South Africa's vibrant cultural heritage.
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Each coin tells a story, inviting individuals to explore and celebrate the tapestry of South African history and culture.
Furthermore, the advanced security features embedded in the new banknotes demonstrate SARB's commitment to maintaining the integrity of the South African currency.
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The banknotes incorporate cutting-edge technology to deter counterfeiters and protect the financial well-being of citizens.
From intricate patterns and color-changing inks to tactile elements and watermark enhancements, these security features ensure continued trust and confidence in South Africa's monetary system.
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Main image attribution: ECR