1  See Constâncio, V. (2013), “The European Crisis and the role of the financial system” Speech at the Bank of Greece conference on “The crisis in the euro area” Athens, 23 May 2013, http://www.ecb.europa.eu/press/key/date/2013/html/sp130523_1.en.html.
Both derive their worth from the trust that the citizens of a country have in the country’s currency. The confidence that South Africans have in banknotes and coin is based on trust that the banknotes and coin are authentic, and trust in the institution that issues them.