Money handling faces challenge of new coins and notes in circulation

It is International best practice for the security features of bank notes to be upgraded every seven to ten years. Such proactive upgrades endeavour to prevent counterfeiting a new note series.

The current South African notes series was upgraded in 2005, and while the security features remain effective, the South African Reserve Bank recently announced that they will be producing a new South African Bank Note series.

The currency will have the same denominations, sizes and colours but the front of all notes will carry a specially designed engraving of former President Nelson Mandela. The iconic image that will be carried on all the new notes is a tribute to him as one of Africa and the world’s greatest leaders.

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