Banknote Production

South Africa Circulates Mandela Notes, Canada Circulates New Twenties Next Week

Both South Africa and Canada are getting set to release their latest banknotes next week.

The Reserve Bank of South Africa will be introducing an entirely new series of notes spanning five denominations, while the Bank of Canada will be introducing a new $20 note – the third in its new polymer series.

The new South African notes will feature the image of former president Nelson Mandela.

“Our currency is a unique symbol of our nationhood, with many of us handling banknotes every day. The Reserve Bank is proud to be able to honour South Africa’s struggle icon and first democratically elected President in this way, and we thank all our stakeholders for their hard work in making this process possible,” Reserve Bank Governor, Gill Marcus said.

In addition to Mandela’s image on the front, the notes will also depict South Africa’s big five animals – lion, leopard, rhino, buffalo and elephant – on the back set amongst Bushmen paintings and locally used traditional patterns.

The new Canadian $20 bill also features a redesign due to the fact that it is the latest in a series of polymer banknotes, a change from the paper/cotton blend of past series.

The $20 banknote will continue to feature the image of Queen Elizabeth II but will contain a series of anti-counterfeiting devices – such as see-through windows, optically variable images and a holographic metallic strip – that will alter the design. The back of the banknote will feature the Canadian National Vimy Memorial honouring soldiers who fought at Vimy Ridge in France during the First World War.

The Bank of Canada is still set to release two other banknotes, the $5 and $10 denominations, into circulation by the end of 2013.

The Canadian $20 banknote will be officially issued on Wednesday, November 7. The new South African banknote series will be issued the day before, on Tuesday, November 6.

SOURCES:
Venture-Africa: “Mandela Banknotes To Circulate By November 6”
St. Albert Leader: “Get Comfortable With New $20 Bills”

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