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South Africa banknotes launched with Mandela image

Source : AP
Last Updated: Tue, Nov 06, 2012 10:30 hrs

New South African banknotes featuring the image of former president and anti-apartheid icon Nelson Mandela are going into circulation.

Reserve Bank Governor Gill Marcus made the first purchase using the new rand notes at a small shop in Pretoria on Tuesday. She says the country tries to upgrade its notes every seven years for security reasons as technologies change.

The new 10, 20, 50, 100 and 200 rand banknotes feature Mandela's image on one side and the other side maintains the Big Five animals already on the bills.

Marcus said Mandela was shown the new banknotes and that he was delighted.




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