Tuesday, 8th July 2008 at 8:02 am
New R5 coin released to honour Madiba

There will be a new R5 coin in circulation in South Africa as of July 18 as part of the celebrations of Nelson Mandela’s 90th birthday. The coin will be legal tender and can be used to buy goods and services just like any other money in South Africa. The coin shows Mandela wearing one of his signature patterned shirts on the coin’s face, which differentiates his portrait from the more formal ones of other former leaders on coins.

The coin was launched yesterday (Monday) in Houghton by the South African Reserve Bank, the South African Mint Company and the Nelson Mandela Foundation. Mandela was present at the launch together with Finance Minister Trevor Manuel and Reserve Bank Governor Tito Mboweni.

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