South Africa banknotes get new signature

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In June 23, 2015
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Source: Fin24 News, Jun 21 2015

On Friday, Kganyago, SA’s second black reserve bank governor, went back to his roots in his home village of Moletjie Ga-Maribana in Limpopo to buy bread, cooking oil, maize meal and sugar with the first batch of banknotes bearing his signature.
He conducted the first transaction with them at Makgohloane General Trading, a local shop in the village where he used to buy bread in the morning for breakfast before going to school as a child.

President Jacob Zuma appointed Kganyago as governor last year to succeed Gill Marcus. On taking the reins, he vowed to protect the value of the rand, support balanced and sustainable economic growth, maintain a stable financial system and keep inflation under control.

All other banknotes currently in circulation remain legal tender and will co-circulate with the banknotes bearing Kganyago’s signature.

SA Kganyago

LESETJA KGANYAGO – Governor of the South African Reserve Bank. He was previously the Deputy Governor of the South African Reserve Bank. Kganyago has also served as Director-General for the National Treasury.

Photo:  Who is Who

The New Specimen R100 bearing Governor Lesetja Kganyago’s signature:

NewSpecimenR100

Image: South African Reserve Bank