The note selected today is the 2012 issue of the South African 20 Rand. Issued just last November. The Rand was first introduced in 1961 replacing the Pound at a rate of 2 Rands per Pound exchange rate.

The note shown today is a result of several ‘screw-ups’ causing South Africa to redesign their notes.

In 2011, the South African Reserve Bank issued 100-rand banknotes which were defective because they lacked fluorescent printing visible under UV light. In June, printing of this denomination was shifted from the South African Bank Note Company to Crane Currency’s Swedish division (Tumba Bruk.), which reportedly produced 80 million 100-rand notes. The South African Reserve Bank shredded 3.6 million 100-rand banknotes printed by Crane Currency because they have the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden were not the right color, and they were one millimeter short.

On 11 February 2012, President Jacob Zuma announced that the country would be issuing a complete set of banknotes bearing Nelson Mandela's image. They were entered into circulation on 6 November 2012. The elephant shown on the back of the 20 Rand caught my attention and favor for BankNote of the Day. ENJOY!!! .