South African Reserve Bank Turns 100 Years
The South African Reserve Bank (SARB) opened its doors on 30 June 1921, making it the oldest central bank in Africa. In celebration of 100 years since the establishment of the SARB and the 60th anniversary of the rand, the SARB will be issuing a new commemorative circulation R5 coin this month.
2021 SARB 100 Commemorative R5 Coin
The 2021 100th year anniversary R5’s design evolved from the 2011 90th anniversary design. The centenary R5 coin takes us on a historic journey of the currency issued by the SARB over the past 100 years, from the iconic ‘tickey’ to a glimpse of the future currency − the upcoming Cape honey bee 10c coin.
Commemorative circulation coins are minted to celebrate special occasions and individuals of national importance. They are circulation coins meant for daily use, and just like other circulation coins, they keep their face value.
2011 SARB 90 Commemorative R5 Coin
The new commemorative R5 coin is the second phase in celebrating the SARB’s journey, with the first coin having been released in 2011 for the SARB’s 90th anniversary.
The 2011 commemorative R5 coin featured a banknote and five coins depicting the history of the SARB and how South Africa’s currency mirrored the changing economic and political developments.
You are invited!
To commemorate the momentous milestone of 100 years, we invite you to join Governor Lestja Kganyago in a virtual anniversary celebration.
Please use the links below to join the event at 14:00 on Wednesday 30 June 2021.
https://www.facebook.com/SAReserveBank
https://www.youtube.com/SAReserveBank
Update on Operations
The first quarter of our financial year (April-June) saw a gradual return to production, with several consignments leaving our facility. However, with the onset of the winter season and the third COVID-19 wave currently sweeping over the country and Gauteng province being the worst hit, our return to regular production still remains at risk.
On Sunday 28 June, the president of South Africa, Mr. Cyril Ramaphosa, announced a move to lock down level 4, which brings about elevated restrictions on movement and business operations. Affected customers will be kept abreast of this situation directly.
