{"id":501809,"date":"2021-06-29T07:51:41","date_gmt":"2021-06-29T05:51:41","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=501809"},"modified":"2021-06-29T14:28:19","modified_gmt":"2021-06-29T12:28:19","slug":"a-look-at-south-africas-new-r5-coin-launching-this-week","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/501809\/a-look-at-south-africas-new-r5-coin-launching-this-week\/","title":{"rendered":"A look at South Africa&#8217;s new R5 coin launching this week"},"content":{"rendered":"<p>The South African Reserve Bank (SARB) will launch a commemorative circulation R5 coin in honour of its centenary on Wednesday (30 June).<\/p>\n<p>The coin, which depicts the design of previously issued coins, will circulate alongside the existing coins, and its value will remain the same as the existing R5.<\/p>\n<p>The existing R5 coin in circulation will also remain legal tender and will continue to be issued.<\/p>\n<p>The central bank says that it will also launch a refreshed currency mobile app to create greater public awareness of South African banknotes and coin, as well as the role of the SARB.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/New-R5-coin.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-452876 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/New-R5-coin.png\" alt=\"\" width=\"685\" height=\"475\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/New-R5-coin.png 685w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2020\/11\/New-R5-coin-300x208.png 300w\" sizes=\"auto, (max-width: 685px) 100vw, 685px\" \/><\/a><\/p>\n<p>Some of the previously issued coins that appear in the new R5 include:<\/p>\n<ul>\n<li>The 1923 three pence (tickey) represents the currency issued during the period of the Union of South Africa.<\/li>\n<li>A 1961 R1 gold coin features the springbok, South Africa\u2019s national animal.<\/li>\n<li>The 1965 20c coin depicts the king protea, South Africa\u2019s national flower<\/li>\n<li>The 1990 1c coin features two sparrows and represents the third decimal coin series.<\/li>\n<li>The R5 coin minted in 2008, in honour of former President Nelson Mandela\u2019s 90th birthday, recognises his vast contribution to South Africa.<\/li>\n<li>A 10c coin from the fourth decimal series depicts the Cape honey bee and represents the future of the currency and the SARB.<\/li>\n<\/ul>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-501829 size-large\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5-1024x761.png\" alt=\"\" width=\"840\" height=\"624\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5-1024x761.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5-300x223.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5-768x571.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/06\/New-new-R5.png 1135w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/a><\/p>\n<p>The Currency and Banking Act of 1920 provided for the establishment of a central bank in South Africa, with its main functions being the issuing of banknotes and taking over the gold held by commercial banks.<\/p>\n<p>The South African Reserve Bank (SARB) opened its doors on 30 June 1921 and is the oldest central bank in Africa.<\/p>\n<p>In May 1961 the Republic of South Africa was established, the same year South Africa exited the Commonwealth and changed its currency from pounds, shillings and pence to a decimal system of 100 cents in one rand.<\/p>\n<p>The currency has since gone through significant technological and design changes, which are captured in the new R5 coin, the SARB said.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/501741\/push-for-government-to-reintroduce-financial-support-during-level-4-lockdown-in-south-africa\/\" target=\"_blank\" rel=\"noopener\">Push for government to reintroduce financial support during level 4 lockdown in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South African Reserve Bank (SARB) will launch a commemorative circulation R5 coin in honour of its centenary on Wednesday (30 June).<\/p>\n","protected":false},"author":10,"featured_media":336531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,3619],"class_list":["post-501809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-sarb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/501809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=501809"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/501809\/revisions"}],"predecessor-version":[{"id":502065,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/501809\/revisions\/502065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/336531"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=501809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=501809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=501809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}