R500 bank note

[Photosbot1]

 

[NeonNinja]

Someone talking about this today, claiming it exists albeit limited.

 

[Dan C]

I hardly ever see a R200 note.

 

[SauRoNZA]

I hardly ever see a R200 note.

I only ever see R200 notes and the odd R100.

To my massive irritation as I only ever need cash to pay for stupid small unnecessary crap like parking.

 

[Magnum]

I hardly ever see a R200 note.

Got a wallet full of them....Useless monopoly money.

 

[marine1]

www.iol.co.za/news/south-africa/reserve-bank-says-r500-note-is-a-hoax-461779

 

[Polymathic]

Going to see a R10 coin before a R500 note IMO

 

[Jola]

When the Rand was introduced the smallest coin was a half cent, and you could buy a Wilsons toffee or a Chappie with that.

Don't know what a toffee like that would cost now, but probably 50 cents, or more.

A 4-bar Kit Kat cost 5 cents at that time, usually costs 160x more now (R8.00).

IMO, the Rand has devalued so much that the Reserve Bank should drop all coins under one rand, and bring in R10 and R20 coins as soon as possible.

 

[HavocXphere]

Going to see a R10 coin before a R500 note IMO

Nope.

R200 was introduced in 1994, so 24 years ago.

@6% inflation assumed that means the R500 is overdue by about 9 years give or take a bit

 

[SA-UK]

www.iol.co.za/news/south-africa/reserve-bank-says-r500-note-is-a-hoax-461779

more fake news. even had me for a few secs...

 

[f2wohf]

Got a wallet full of them....Useless monopoly money.

+1

 

[Gordon_R]

IMO, the Rand has devalued so much that the Reserve Bank should drop all coins under one rand, and bring in R10 and R20 coins as soon as possible.

Coins are horrible, and the smaller ones are hardly used. Introducing R10 coins would be a backwards step IMO.

R200 was introduced in 1994, so 24 years ago.

@6% inflation assumed that means the R500 is overdue by about 9 years give or take a bit

When the R200 note was introduced, there was no such thing as EFT (or the internet for most people). Due to concerns about theft and money laundering, it is very unlikely that R500 denomination will ever be introduced.

 

[Dan C]

When the Rand was introduced the smallest coin was a half cent, and you could buy a Wilsons toffee or a Chappie with that.

Don't know what a toffee like that would cost now, but probably 50 cents, or more.

A 4-bar Kit Kat cost 5 cents at that time, usually costs 160x more now (R8.00).

IMO, the Rand has devalued so much that the Reserve Bank should drop all coins under one rand, and bring in R10 and R20 coins as soon as possible.

Hate coins.

 

[JustPlainLucas]

When the Rand was introduced the smallest coin was a half cent, and you could buy a Wilsons toffee or a Chappie with that.

Don't know what a toffee like that would cost now, but probably 50 cents, or more.

A 4-bar Kit Kat cost 5 cents at that time, usually costs 160x more now (R8.00).

IMO, the Rand has devalued so much that the Reserve Bank should drop all coins under one rand, and bring in R10 and R20 coins as soon as possible.

Back in the 1970's you could buy 4 chappies with 1c. I remember them being a 1/4c each while Wilson Toffees fold for 1/2c each. I remember cigarettes being 40c a packet 20 back then.

I agree with you on the R10 and R20 coins. I also think they can do away with the R50 note and stick to R100, R200 and introduce a R500 and R1000 note.

 

[Polymathic]

Nope.

R200 was introduced in 1994, so 24 years ago.

@6% inflation assumed that means the R500 is overdue by about 9 years give or take a bit

You forget we used to have R5 and R1 notes. I vaguely remember R5 notes being a thing when I was in preschool and my grandfather once gave a R1 note that he found in his cupboard

 

[Gordon_R]

You forget we used to have R5 and R1 notes. I vaguely remember R5 notes being a thing when I was in preschool and my grandfather once gave a R1 note that he found in his cupboard

If you are going back in history, we used to have R2 notes as well. All documented on Wikipedia: https://en.wikipedia.org/wiki/South_African_rand#Third_series

 

[TheMightyQuin]

View attachment 269066

"Governer"...LOL

So obvious...first thing I looked for.

 

[tRoN]

When the Rand was introduced the smallest coin was a half cent, and you could buy a Wilsons toffee or a Chappie with that.

Don't know what a toffee like that would cost now, but probably 50 cents, or more.

A 4-bar Kit Kat cost 5 cents at that time, usually costs 160x more now (R8.00).

IMO, the Rand has devalued so much that the Reserve Bank should drop all coins under one rand, and bring in R10 and R20 coins as soon as possible.

OMG! How old are you? 96?

 

[Bryn]

OMG! How old are you? 96?

Lol yeah that's old school. I remember when I started junior school my tuck money every Friday was R5. It might have actually started at R3, because I remember haggling to increase it.

Could buy either a pie + cheap sweet/choc or samoosa + premium sweet/choc. I usually got the latter.

 

[Gordon_R]

OMG! How old are you? 96?

Decimal coins were introduced when SA became a Republic in 1961, and the most widespread series was: https://en.wikipedia.org/wiki/Coins_of_the_South_African_rand#1965–1988

Inflation was very high in SA during the 1970s and 1980s (after the end of the gold standard). At a rate close to 15% prices doubled every 5 years (quadrupled in a decade). The inflation rate is slightly lower now, but the basket of commodities has changed, so anything from 50X to 200X the prices of 4 decades ago.

I'm not Jola (and not yet a pensioner), but I was born in the year SA became a republic, so I recall most of these events.