Madiba Money: Here come the Randelas

South Africa’s brand new fiat money featuring global icon Nelson Mandela is slowly entering the country’s economy. The Randela’s are bound to prove expensive for the issuing Reserve Bank. Each note has a metallic hologram woven into the paper and an elaborate design, leading some members of the public to believe the equivalent worth of the Randela to be in excess of the Ordinary Rand. The notes can also be found on Ebay, where they appear to be traded in Dollars. How much is the Randela worth in market terms?

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