There is a case to introduce a R10 coin in South Africa: Reserve Bank

[Jola]

Couple R5s are quite heavy in my pockets. How big will a R10 coin be?

Well, at its real value would be smaller than the old small half cent !!!

 

[Vorastra]

Or two of those black jawbreaker balls.

We all know what they were called.

 

[dualmeister]

Next.

 

[Pegasus]

We all know what they were called.

Yes, now imagine you were sucking them.

 

[Pineapple Smurf]

Phuck this is gonna be awkward at my local stripper's club putting a R10 coin into the g string instead of a R10 note Oh well, Jingle bells jingle bells and it will get heavy after a few tips and then hopefully the knickers drop to the floor

 

[Ghost64]

Phuck this is gonna be awkward at my local stripper's club putting a R10 coin into the g string instead of a R10 note Oh well, Jingle bells jingle bells and it will get heavy after a few tips and then hopefully the knickers drop to the floor

I think they prepared for it already, pull the gstring back there should be a built in coin slot...

 

[Thor]

Zimbabwe

 

[rvZA]

We've come a long way, good job ANC.

View attachment 1156114

I remember back in the day, this coin bought me either two Chappies or one Wilson Toffee.

 

[rvZA]

Inflation is already at such point that Government could just as well do away with all coins and simply print R50, R100, R500, R1000 and R5000 notes.

 

[notayoba]

Actually, if you look at inflation since the introduction of the R1 coin, it is now about the right time to introduce R10, R20, R50 and R100 coins, and to scrap all coins worth less than R1.

Do the sums yourself, a tin of Coke was 10 cents when cans were introduced, and a 4-bar Kit Kat used to be 5 cents.

For 50 cents you could buy two tins of coke, 2 4-bar Kit Kats, 2 Bar One, and 20 Wilsons Toffees.

Enough to send you in sugar shock !!!

This is about right. I would say R100 should be the lowest note. Basically a 5 pound note. R50 should be a coin. No need for any coins below 50c

 

[Sinbad]

/looks at £2 coin

 

[Kosmik]

Yes, now imagine you were sucking them.

Chocalate Salty balls?

 

[Speedster]

Next.

View attachment 1156132

I have one of those

 

[Mike Hoxbig]

True, but the ANC definitely helped accelerate the devaluing of the rand, it was R4 to the dollar in 1994.

So in 27 years since 1994 it declined by less than 4x.

In 1970 it was 0.7 to the dollar. That's a decline of almost 6x in 24 years.

It may seem like it declined by a lot relative to 1994, but in 1994 the decline would have seemed a lot higher relative to 1970.

People who reference those days seem to forget how bad things got in the 80s...

 

[dusi]

So in 27 years since 1994 it declined by less than 4x.

In 1970 it was 0.7 to the dollar. That's a decline of almost 6x in 24 years.

It may seem like it declined by a lot relative to 1994, but in 1994 the decline would have seemed a lot higher relative to 1970.

People who reference those days seem to forget how bad things got in the 80s...

Gold price increased 4x since 94, historically the rand price was linked to the gold price so the rand should be stronger than it is.

 

[R13...]

Gold price increased 4x since 94, historically the rand price was linked to the gold price so the rand should be stronger than it is.

The rand was pegged Chinese style at various points pre '94, so the comparison isn't accurate.

 

[dusi]

The rand was pegged Chinese style at various points pre '94, so the comparison isn't accurate.

Chinese style pre '94? Neither is yours.

 

[R13...]

Chinese style pre '94? Neither is yours.

Mine what?

 

[Stefanmuller]

There really is no reason these days to carry any cash or transact in cash. Your salary gets paid into your bank account, too much effort to go to an ATM and draw cash if you can just pay by debit/credit card.

Since moving to Canada 2 years ago almost never have cash on me. So much so that I dont really know what it looks like or what is on the face of it. Everywhere you just tap your card, whether it is a shop or a street vendor everone has tap card machines. Takes 2 seconds, no waiting no need to enter a pin. No carguards or petrol attendants to give a tip to nor any beggars so no need for loose change.

Oddly enough it is still a thing over here to write cheques, most commonly for rent or daycare etc. That to me is the most retarded thing ever. The only reason that kind of makes sense is that they ask a years rent upfront by way of future dated cheques so a bit of insurance to the payee. So they will cash your cheque on the 1st or 2nd of the month so you better have funds available otherwise it becomes a legal matter of not honouring the cheque.

 

[dusi]

Mine what?

Your comparison to pre 94 levels, explain Chinese style so I understand what you're getting at.