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South Africa - Rand
History of South African Rand
"In 1782, the Dutch Governor Van Plettenberg was obliged to introduce, for the first time in the history of the Cape, paper-money, owing to his inability to procure from the Netherlands – the homeland- a sufficient quantity of coinage for the requirements of the settlement. This earliest paper-money was issued in rixdollar and stiver denominations, the currency of the Cape at that time.
As there was as yet no printing press in the Cape, all the notes until about 1803 had to be hand-written. They featured a Government fiscal hand-stamp indicating their value and the authority-date of the issue. After 1803, all notes were printed, but for some time to come they continued to show the fiscal hand-stamp.
The first bank to be established in the Cape was the Lombard Bank. It closed in 1883, being forced out of business by the private banks. The first private bank under the name of Cape of Good Hope Bank opened in 1837.
As the hinterland developed and trade expanded, more private banks came into existence. Most of them issued their own paper-money, some only in one, others in more than one denomination. All these new banks issued their own paper-money. With large capital behind them and being properly conducted, they made it their business to open up branches throughout the Colony, and to take over as many of the remaining private banks as was possible. By 1892, they had absorbed all but one of these, this being the Stellenbosch District Bank, established in 1882, which still exists to this day. At the time of Union in 1910, three of the imperial banks, joined by a comparative newcomer from the Transvaal, were the only survivors to issue paper-money in their own name in the Cape Province.
Printing
In general , all Government issues of paper-money were locally produced unless otherwise mentioned. This however, was not the case with the notes issued by the private, the imperial and the other large banks.
Most of their banknotes were printed in England. In the middle of the 1860’s however, a number of banks resorted to the use of locally printed paper-money, which in most instances was produced by a Cape Town form of printers by the name of Soul Solomon & Co. Thereafter once again banknote forms were imported from England.
This state of affairs remained so until 1962, when a banknote factory was established in the Republic of South Africa. Ever since, this factory has taken care of the requirements of the S.A. Reserve Bank.
The republic of South Africa
In 1961, South Africa changed its currency from pound sterling to rand and cents, and when in the same year the country became a republic, the new currency was naturally retained.
The S.A. Reserve Bank thereafter commenced withdrawing the old pound sterling currency banknotes and replaced them with notes of the new currency."
Source: Central Bank of South Africa, www.worldpapermoney.org/southafrica.htm
"In 1782, the Dutch Governor Van Plettenberg was obliged to introduce, for the first time in the history of the Cape, paper-money, owing to his inability to procure from the Netherlands – the homeland- a sufficient quantity of coinage for the requirements of the settlement. This earliest paper-money was issued in rixdollar and stiver denominations, the currency of the Cape at that time.
As there was as yet no printing press in the Cape, all the notes until about 1803 had to be hand-written. They featured a Government fiscal hand-stamp indicating their value and the authority-date of the issue. After 1803, all notes were printed, but for some time to come they continued to show the fiscal hand-stamp.
The first bank to be established in the Cape was the Lombard Bank. It closed in 1883, being forced out of business by the private banks. The first private bank under the name of Cape of Good Hope Bank opened in 1837.
As the hinterland developed and trade expanded, more private banks came into existence. Most of them issued their own paper-money, some only in one, others in more than one denomination. All these new banks issued their own paper-money. With large capital behind them and being properly conducted, they made it their business to open up branches throughout the Colony, and to take over as many of the remaining private banks as was possible. By 1892, they had absorbed all but one of these, this being the Stellenbosch District Bank, established in 1882, which still exists to this day. At the time of Union in 1910, three of the imperial banks, joined by a comparative newcomer from the Transvaal, were the only survivors to issue paper-money in their own name in the Cape Province.
Printing
In general , all Government issues of paper-money were locally produced unless otherwise mentioned. This however, was not the case with the notes issued by the private, the imperial and the other large banks.
Most of their banknotes were printed in England. In the middle of the 1860’s however, a number of banks resorted to the use of locally printed paper-money, which in most instances was produced by a Cape Town form of printers by the name of Soul Solomon & Co. Thereafter once again banknote forms were imported from England.
This state of affairs remained so until 1962, when a banknote factory was established in the Republic of South Africa. Ever since, this factory has taken care of the requirements of the S.A. Reserve Bank.
The republic of South Africa
In 1961, South Africa changed its currency from pound sterling to rand and cents, and when in the same year the country became a republic, the new currency was naturally retained.
The S.A. Reserve Bank thereafter commenced withdrawing the old pound sterling currency banknotes and replaced them with notes of the new currency."
| Date | Pick# | Denomination | Observations | Obverse | Reverse |
| 1990 | 119e | 5 Rand |  |  | |
| Obverse Design: Reverse Design: | |||||
| 1993 | 123a | 10 Rand |  |  | |
| Obverse Design: Reverse Design: | |||||
| 1999 | 127b | 100 Rand |  |  | |
| Obverse Design: Reverse Design: | |||||
| 2005 | 128 | 10 Rand |  |  | |
| Obverse Design: Reverse Design: | |||||
| 2005 | 129 | 20 Rand |  |  | |
| Obverse Design: Reverse Design: | |||||
| 2005 | 130 | 50 Rand |  |  | |
Source: Central Bank of South Africa, www.worldpapermoney.org/southafrica.htm
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Latest page update: made by fxwiki007
, Jul 27 2007, 4:53 PM EDT
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