South African T.W. de Jongh issue R1.00 unc seq banknotes E/A - # 108495-108500

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ZarCurrency(Blacklisted)

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South Africa

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South African J.W. de Jongh

1st issue (A576) x6 R1.00 unc sequential banknotes

(1967 - UNC = uncirculated)

Serial # 108495-108500

ABOUT UNCIRCULATED: A virtually perfect note, with some minor handling. May show very slight evidence of bank counting folds at a corner or one light fold through the center, but not both. An AU note cannot be creased, a crease being a hard fold, which has usually "broken" the surface of the note. Paper is clean and bright with original sheen.
Corners are not rounded.

Some history of J.W. de Jongh 01 July 1967 - 31 December 1980

Appointed as fifth Governor of the South African Reserve Bank. During his term he faced various international monetary crises. Considerable uncertainty regarding gold marketing was caused by the introduction of the two-tier gold marketing system in 1968. Under his leadership the Gold Agreement was concluded with the International Monetary Fund, which gave the Reserve Bank, more scope for marketing the country's gold.

Gold swap transactions were concluded with foreign institutions in the nineteen seventies to reinforce South Africa's reserves. Careful formulation of monetary policy was required due to the rising inflation rate, excessive credit extension by the banking sector and balance of payment problems. He was also involved in various international policy matters. During this period the gold price became much more volatile, fluctuating from initially $30 per ounce to in excess of $200.

Size of notes after printing - 126mm x 64mm

N.B.

Every precaution is taken when posting items bought and every item is posted via registered post. I cannot accept 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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