Wednesday, November 7, 2012

South Africa launches new Nelson Mandela bank notes

South Africa — Bank notes featuring Nelson Mandela's face went into circulation today in South Africa.
Dubbed the "Randela" after the country's rand currency, the new Mandela notes replace the current safari-themed bills with images of the "Big Five" animals: lion, leopard, elephant, rhino and Cape buffalo.
Instead, the "Big Five" will appear on the back of the notes, with Mandela on the front.
Mandela is "excited" about the bank notes bearing his image, South African Reserve Bank governor Gill Marcus said Tuesday.
"He is delighted, very excited about it. We did show him the designs, the drafts and everything else,"
Mandela, 94, became South Africa's first democratically elected president in 1994, and is often called by his clan name "Madiba" in South Africa as a term of respect.
"This is our way to pay tribute to him. Madiba does represent something special, not only in South Africa. He is really an extraordinary human being," Marcus said.
The Mandela bank notes are being issued in denominations of 10, 20, 50, 100 and 200 rand, and have security features including watermarks, micro-printing and unique numbering, SAPA said.
The old notes will remain legal tender.
President Jacob Zuma earlier this year said the bank notes were a "humble gesture" to express the "deep gratitude" of South Africans toward Mandela.

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