In 2023, the value of banknotes in circulation in South Africa reached approximately 164.1 billion South African rand (ZAR), roughly nine billion U.S. dollars. Since 2020, the value has increased by just over 15 billion ZAR (about 826 million U.S. dollars).
The South African Reserve Bank is the only producer of coins and banknotes in the country.
Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023
(in billion South African rand)
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SARB. (June 27, 2023). Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023 (in billion South African rand) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/
SARB. "Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023 (in billion South African rand)." Chart. June 27, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/
SARB. (2023). Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023 (in billion South African rand). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/
SARB. "Banknotes in Circulation from The South African Reserve Bank (Sarb) in South Africa from 2020-2023 (in Billion South African Rand)." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/
SARB, Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023 (in billion South African rand) Statista, https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/ (last visited December 21, 2024)
Banknotes in circulation from the South African Reserve Bank (SARB) in South Africa from 2020-2023 (in billion South African rand) [Graph], SARB, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1466991/banknotes-in-circulation-in-south-africa/