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5 Pounds Sterling
| Issuer | Standard Bank of South Africa Limited, Cape Town |
|---|---|
| Year | 1892-1920 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Security text |
| Protection description | Bilingual English and Dutch security guarantee text printed along the top and bottom margins of both obverse and reverse, referencing the deposit of Cape Government Securities with the Treasury under Act VI of 1891. |
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| Comments |
The Standard Bank of South Africa Limited was chartered in London in 1862 and operated as a colonial commercial bank, not a central bank — its notes circulated on the strength of the institution's own credit, not any government guarantee. During the period this series was in issue, South Africa passed through the post-Anglo-Boer War reconstruction, the formation of the Union in 1910, and the early years of the Reserve Bank agitation that would eventually end private note issue altogether.
The South African Reserve Bank was established in 1921, and commercial banks including Standard were progressively stripped of their right to issue notes. This series ending around 1920 reflects that curtailment directly.