Sunday 19 February 2012

Rand gets its second facelift at age of 51

Business LIVE

"The process of redesigning banknotes normally takes between 12 and 24 months," said the bank's head of strategy and communications Hlengani Mathebula.

"The governor of the Reserve Bank appoints a committee to manage the development of the new note series.

"Members of the committee are selected from different functional departments in the bank. The development processes are done in different stages with the involvement of external and internal stakeholders," said Mathebula.

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