<P> In an effort to curb counterfeiting, a new 5 - rand coin was released in August 2004 . Security features introduced on the coin include a bimetal design (similar to the € 1 and € 2 coins, the Thai 10 - baht coin, the British £ 2 coin, and the Canadian $2 coin), a specially serrated security groove along the rim and microlettering . </P> <P> The first series of rand banknotes was introduced in 1961 in denominations of 1, 2, 10, and 20 rand, with similar designs and colours to the preceding pound notes to ease the transition . They bore the image of what was believed at the time to be Jan van Riebeeck, the first V.O.C. administrator of Cape Town . It was later discovered that the image was not in fact Van Riebeeck at all . Like the last pound notes, they were printed in two variants, one with English written first and the other with Afrikaans written first . This practice was continued in the 1966 series which included the first 5 - rand notes, but did not include the 20 - rand denomination . </P> <P> The 1978 series began with denominations of 2, 5, and 10 rand, with 20 and 50 rand introduced in 1984 . This series had a major design change . In addition, the series has only one variant for each denomination of note . Afrikaans was the first language on the 2, 10, and 50 rand, while English was the first language on 5 and 20 rand . The notes bore the image of Jan van Riebeeck . The 1 - rand note was replaced by a coin . </P> <P> In the 1990s, the notes were redesigned with images of the Big Five wildlife species; 10 -, 20 - and 50 - rand notes were introduced in 1992, retaining the colour scheme of the previous issue . Coins were introduced for 2 rand and 5 rand, replacing the notes of the previous series, mainly because of the severe wear and tear experienced with low - denomination notes in circulation . In 1994, notes were introduced for 100 and 200 rand . </P>

Development of money in south africa since 1961