• Short Summary

    Decimal coinage is to be introduced throughout the Union of South Africa and High Commission territories from Feb 14, 1961.

  • Description

    Decimal coinage is to be introduced throughout the Union of South Africa and High Commission territories from Feb 14, 1961. At a ceremony in the Union Mint, Pretoria, Sept 20, Director of the South African Mint, Mr. J.P. Roux, addressed members of the decimalization board and reporters, before Dr Arndt - chairman of the board - switched on the press to produce the first of the new one-cent bronze coins.

    From that day, the Mint were to produce 30 million cent and 1/2-cent coins at a rate of five million a week. When the new decimal system is introduced in 1961 there will be a 20-month gradual change-over from the use of pounds, shillings and pence.

    The old silver coinage will be retained - with the exception of the half-crown - but the old 5 shilling piece becomes 50 cents; the 2 shilling piece becomes 20 cents; 1 shillings is 10 cents, and sixpence is 5 cents. The threepenny piece is therefore 2 1/2 cents. The bronze 1 cent coin is the equivalent of six fifths of a penny and there is also a 1/2-cent coin. There will be no more units of one farthing.

    Paper currency will be as follows: A unit of one Rand replaces the old ten shilling note. Therefore the pound becomes two Rands - or a Double-Rand - the five-pound note is 10 Rands; the ten-pound note is 20 Rands; the 20-pound note is 40 Rands and the highest value note of GBP100 becomes 200 Rands.

  • Tags

  • Data

    Film ID:
    VLVA9BFLM1590JI4SA36OU3JRS7F1
    Media URN:
    VLVA9BFLM1590JI4SA36OU3JRS7F1
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    22/09/1960
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:52:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment