Cryptocurrency Q&A
Why were coins introduced for the 2 & 5 rand?
Why were coins introduced for the 2 & 5 rand?
CloudlitWonder
Tue Jan 14 2025
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5
answers
1509
I want to know the reason why coins were specifically introduced for the denominations of 2 and 5 rand. What was the necessity or advantage of having these particular coins in circulation?
5 answers
DaeguDivaDanceQueen
Thu Jan 16 2025
The main reason for this replacement was the severe wear and tear experienced with low-denomination notes in circulation.
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GwanghwamunGuardianAngelWings
Thu Jan 16 2025
Over time, these notes had become highly susceptible to damage.
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Maria
Thu Jan 16 2025
Coins were introduced for the denominations of 2 and 5 rand.
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SeoulSerenitySeekerPeace
Thu Jan 16 2025
In 1994, the South African Reserve Bank introduced notes of 100 and 200 rand.
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Riccardo
Thu Jan 16 2025
These coins replaced the notes of the previous series.
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