The Money Museum

18 April 2016

The Money Museum at Absa is still the only money museum in the country and plays host to the single most complete collection of South African Money in the world. Here are some things that you may not have known about the museum, and a few extra reasons to give it a visit.


3 reasons to visit the Money Museum

#1 Teach kids about money and finance

Money can be a mysterious concept for children – if mom has money in her wallet, why doesn’t she have money for that massive toy they want?

A tour of the Money Museum at Absa can give kids an understanding of what money is, and how society uses it. Special attractions like cowrie shells and Venetian glass beads will thrill them. The tangible experience of seeing how a banknote is printed will make kids (and adults!) see money in a whole new way. Save the display of ancient coins recovered from a sunken ship for the big finish.

#2 Learn more about the most tangible element of the economy

High school students and adults can take a guided tour of the museum (tours are also available for hearing impaired people.) Not only are old currencies on display, you can also discover how banking and communication have changed over the years.

How the stock market determines the strength of currencies? Why does a country’s unemployment rate affect its economy? All these questions and more are answered in the fascinating displays at the museum.

#3 Awaken your inner history buff

You’ll feel a connection to history with the displays of South African currency from days gone by. History is brought to life with the rare collection in South Africa’s only banking and money museum. There are so many ways to learn about the fascinating way money has shaped the past.

You’ll see how banking was done in the days of scales, typewriters, and beyond. You’ll also discover how social, political and economic changes affect currency. Even art and vintage money boxes are on display for those who are looking to feast their eyes as well as their mind.

So there you have it – three reasons to visit the Money Museum. So why not head on through? The Money Museum is located in the Barclays Towers West building, 15 Troye Street, Johannesburg CBD. It’s open Monday to Friday 8:30 to 16:00, and admission is free. Remember to bring your ID to gain access to the building.

Why not make a visit to the Money Museum part of a whole day out exploring Johannesburg? The Museum is easily accessible on the Red City Tour, walking distance from the Carlton Centre stop. Have you been to the Money Museum, or when are you planning to go? Let us know in the comments below.

Disclaimer: The advice contained on this blog is for general purposes only and does not take into account individual circumstances, objectives or financial needs. Accordingly, readers are advised to seek appropriate advice from licensed professionals prior to making any investment, or taking up a financial product or service.