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

[RedViking]

Makes sense. The rest is worthless.

 

[RedViking]

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.

Lol! Comparing a life of privilege to South Africa. Freaking hilarious. In South Africa cash is alive and well and not going anywhere soon. 90% of South Africa still relies on it. Demographics.

 

[R13...]

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

The Chinese fix their currency instead of letting it float. The previous government did the same.

 

[cr@zydude]

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.

That could be correct based on real value, but coins and notes play a different role today than they did in the 1960s. While our parents may have bought a month's worth of groceries with a note, we use bank cards for that today.