South African M.H. de Kock (1957) 5 pound banknote English/Afrikaans

1 was available / secondhand

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R105.00

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ZarCurrency(Blacklisted)

99.86 % Positive ratings

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Condition

Secondhand

Location

South Africa

Bob Shop ID

3654243

South Africa * M.H.de Kock

(C59) 5 pound banknote

English/Afrikaans

(1957 - F = fine)

Serial # 012422

FINE: A note which shows considerable circulation, with many folds, creases and wrinkling. Paper is not excessively dirty but may have some softness. Edges may show much handling, with minor tears in the border area. Tears may not extend into the design. There will be no center hole because of excessive folding. Colours are clear but not very bright. A staple hole or two would not be considered unusual wear in a Fine F note. Overall appearance is still on the desirable side.

Some history about M.H.de Kock 1 July 1945 to 30 June 1962

Appointed as third Governor of the South African Reserve Bank and served for a total period of 39 years. He exerted a major influence on economic thought in South Africa and even overseas. Various innovations were initiated by him, including the creation of a department with the specific task of gathering and processing statistics and undertaking economic research

The years subsequent to the Second World War were characterized at times by large deficits on South Africa's balance of payments. There was also uncertainty about gold's future and its role in the international monetary system. He followed a policy of stable economic growth. During his Governorship in the early sixties, the financial climate was seriously disturbed by political events. In addition South Africa's monetary system changed from sterling to rand when South Africa became a Republic in 1961 prior to his retirement in 1962.

N.B.

Every precaution is taken when posting items bought and every item is posted via registered post. I cannot take responsibility once the item has left my hands. Please note that this is a generic scan to enhance the picture for you the buyer to determine the quality of the note being sold.

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