FEB 12 — The South African Reserve Bank (SARB) will launch a set of commemorative banknotes in honour of Nelson Mandela, the central bank of the Republic of South Africa has said.
In a statement made on Sunday, the central bank said it will release 10, 20, 50, 100 and 200 rand denominations as part of Mandela’s centenary celebrations.
The late South African President Nelson Mandela was born in July 18, 1918. He died on December 5, 2013.
“Nelson Mandela represented the best version of ourselves as South Africans,” SARB governor Lesetja Kganyago said in a statement.
The new banknotes and coins will be released on July 18, 2018 on Mandela’s birth date.
“We unveiled the current Mandela series of banknotes in 2012 to honour him. While preserving the value of money is our main mandate, our purpose is to be a bastion of institutional strength, contributing to a stable and prosperous economy that serves the well-being of all South Africans, and guided in part by Madiba’s values,” Kganyago said.
The South African Mint, a subsidiary of the SARB, will also issue a new 5 rand coin celebrating Mandela’s centenary.
The central bank said the new and old currencies will continue circulating together.
Mandela was a celebrated world icon for his reconciliatory stance and his fight for the country’s democracy and social justice.
Born Nelson Rolihlahla Mandela, he grew to become a strong anti-apartheid revolutionary and political leader who served as president between 1994 and 1999.
He was the country’s first black president and the first elected in a democratic election.
When he came to power, his government focused on ending the apartheid legacy mainly by tackling racism in institutions and fostering for reconciliation.
Mandela served as President of the African National Congress (ANC) party from 1991 to 1997.
He is well remembered for the 27 years jail term he served, initially on Roben Island, and later in Pollsmoor and Victor Verster prisons.
Amid growing domestic and international pressure, and with fears of a racial civil war, President Frederik W. de Klerk released him in 1990.
Mandela and de Klerk negotiated an end to apartheid and organised the 1994 multiracial general election in which Mandela led the ANC to victory and became President.