OUR MONEY
Jun 12, 2020
4 minutes
EDITED BY
SANDRA VISSER
TEXT: CUM LAUDE MEDIA.
MONEY comes in different forms. It can be physical cash such as notes and coins, or it can be in electronic format. Electronic money is when the bank’s computer system shows how much money is in your account – you can’t see or touch that money except if you withdraw it from an Automated Teller Machine (ATM) as cash. Let’s find out where paper money and coins come from.
WHO MAKES OUR MONEY?
SA’s central bank, the (SARB), is responsible for and . Two of its subsidiaries make the physical money. All SA paper money (banknotes) are printed in Pretoria, while all our coins – including special memorial coins and collectable bullion coins made of precious metals – are minted by the in Centurion, Gauteng.
You’re reading a preview, subscribe to read more.
Start your free 30 days