SOUTH AFRICA REDESIGNS THE RAND

For the first time since 2012, the South African Reserve Bank—the country’s apex bank—has unveiled new designs for rand notes and coins. At the launch event held yesterday at the Nelson Mandela Foundation in Johannesburg, the Reserve Bank governor, Lesetja Kganyago, announced that the new currencies will have enhanced security features to prevent counterfeiting. What’s changing? The new…

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