The challenge for South Africa is to formulate its positions carefully, taking into consideration country circumstances, and partner with countries, be it emerging-market or advanced countries, to push forward these positions. 5.
Reading back through our archives, the main argument for introducing such a high-value banknote was that it would help people conveniently pay for large household purchases, like cars, whitegoods, etc. It is yet another sign of just how much the world has changed. Today, most of us don’t need banknotes to make these types of payments.