HAS the time come for a R500 South African banknote?

HAS the time come for a R500 South African banknote?

Are we on the cusp of a R500 South African banknote? Since 1992, R200 has been the highest-denomination banknote in the country. But even with normal inflation eroding the value of a currency over time, many countries have introduced higher-value banknotes to make up the difference. Of course, in certain countries, disproportionally high-value banknotes – 10 000 and up – are often a signifier of hyperinflation. However, there are several wealthy…

Should The SA Reserve Bank Issue A R500 Note?

[Image: Pixabay] In 1992, the R200 banknote was introduced into the national currency, and has remained the highest denomination ever since. With inflation eroding the value of the rand over the years, many other countries have introduced higher-value notes accommodate the increase. This has people asking: Will we be getting a R500 banknote anytime soon? It would certainly make transactions a lot easier. R200 in 1992 would be worth around R1 409…