South Africa unveils revamped local currency

According to Fundi Tshazibana, a deputy governor of the Sarb, the notes will also be introduced in Namibia, Eswatini, and Lesotho, which share a single currency with South Africa and consider the rand to be legal tender alongside their national currencies.

South Africa unveils revamped local currency

The Republic of South Africa has presented brand-new banknotes and coins, the first significant revision of its money in more than ten years.

The modifications were made, according to the South African Reserve Bank (Sarb), on Wednesday, and were made to keep up with technology and stop counterfeiting.

The new notes, which will go into circulation on Thursday, will still feature a picture of Nelson Mandela, the nation's first president to be elected democratically and who passed away in 2013.

Now, the banknotes will feature images of the "Big Five" African wild animals—the rhinoceros, elephant, lion, buffalo, and leopard—along with their young.

The images of plants and animals on the coins will depict an ecological theme.

The various banknotes and coins will also feature the eleven official languages of South Africa.

Additionally, specific physical traits will be used to distinguish the banknotes for those who are visually impaired.

However, neither the sizes of the banknotes nor any of their denominations have changed.

According to Sarb, the current banknotes and coins will continue to be accepted alongside the improved banknotes as legal money.