South African rand was weaker ahead of data-filled week

South African rand was weaker ahead of data-filled week. Image via Twitter/ Am-Blujay.

SEE: Reserve Bank launches new banknotes and coins

LOOK: South African Reserve Bank (SARB) has officially launched South Africa’s latest banknotes and coins with enhanced security features.

South African rand was weaker ahead of data-filled week

South African rand was weaker ahead of data-filled week. Image via Twitter/ Am-Blujay.

The South African Reserve Bank(SARB) has launched the country’s latest banknotes and coins.

According to BusinessTech, the new coin designs and specifications were gazetted at the start of the year, however, the new notes have been displayed for the first time.

THE NEW DESIGN HAS ENHANCED SECURITY FEATURES

The new design has enhanced security features that utilise the latest technological advancements meant to protect the integrity of South Africa’s currency and maintain public trust.

“The upgraded banknotes continue to pay homage to South Africa’s first democratically elected president, Nelson Mandela, with his portrait featured on the front of all five denominations while the Big 5 animals are depicted as a family.

ALSO READ: Is Lerato Kganyago the daughter of the SARB governor?

“The fourth decimal coin series is based on the theme of deep ecology, which celebrates the interconnectedness of humans and other living organisms as an integral part of the environment,” said SARB.

The new banknotes and coins are already in circulation.

ALSO READ: ‘Reserve bank honoured my GOAT’: Nota on a R200 note? [photos]

Changes to the coins include:

  • The Cape honey bee is on the 10c; bitter aloe is on the 20c; the Knysna turaco is on the 50c; the king protea is on the R1; the springbok is on the R2 and southern right whale is on the R5 coin.
  • The South African flag is on the front of the R1 coin.
  • The words ‘South Africa’ are in one language on the R1 coin.
  • The words ‘South Africa’ are in three languages on the R5 coin.
  • The latent image on the R5 changes from ‘RAND’ to ‘FIVE’ when tilted.
  • The coin series has new landing patterns on the inside of the coin to assist the visually impaired community to differentiate between the various denominations by feel.

ALSO READ: BREAKING: SA Reserve Bank shocks with 50 basis point interest rate hike

TAKE A LOOK AT THE NEW DESIGN

For more images CLICK HERE

CLICK HERE TO READ MORE ARTICLES BY SINOTHANDO SIYOLO