SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Distribute South African legal tender 
SAQA US ID UNIT STANDARD TITLE
7288  Distribute South African legal tender 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  16 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people who ensure the safe movement of banknotes and coin. People accredited with this unit standard are able to administer and co-ordinate currency movements and formulate and provide new currency procedures and orders. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Grade twelve, Administrative experience, Inventory control. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Formulate and provide annual new currency orders. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Accurate, relevant statistics and historical data are collected and collated. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to figures for notes destroyed and commercial bank practices.
 

ASSESSMENT CRITERION 2 
2. Stock levels are monitored on a regular basis as per bank policy requirements. 

ASSESSMENT CRITERION 3 
3. Accurate research denomination regarding usage is applied. 

ASSESSMENT CRITERION 4 
4. The life span of notes is accurately determined and monitored. 

ASSESSMENT CRITERION 5 
5. Economic trends analysis is sourced, collated, interpreted and applied. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to inflation forecast, real spending forecast and nominal spending.
 

ASSESSMENT CRITERION 6 
6. Banking industry practice and public trends are researched, analysed and applied. 

ASSESSMENT CRITERION 7 
7. All research is accurately documented and reported as a decision making document as per Bank-specific formats. 

ASSESSMENT CRITERION 8 
8. Currency orders comply with budget guidelines. 

ASSESSMENT CRITERION 9 
9. Conditions of the operational agreements are applied. 

SPECIFIC OUTCOME 2 
Administer and co-ordinate South African currency movements. 
OUTCOME RANGE 
Domestic and foreign. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Currency volume requirements are identified as per regional determinations. 

ASSESSMENT CRITERION 2 
2. Methods of movements are determined as per bank requirements. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to security, resource allocation, cost-effectiveness, distance, geographic locations, volumes, insurance requirements, transport vehicles.
 

ASSESSMENT CRITERION 3 
3. Communication of process complies with bank policy in terms of accuracy, timeliness, security, confidentiality and coding. 

ASSESSMENT CRITERION 4 
4. The administration and authorisation process complies with bank policy in terms of accuracy, timeliness, security, confidentiality and coding. 

ASSESSMENT CRITERION 5 
5. Currency movements meet budget allocations. 

ASSESSMENT CRITERION 6 
6. Developments in the securing of cash consignments are consistently researched, documented and reported. 

ASSESSMENT CRITERION 7 
7. Currency distributed is planned according to approved, prescribed South African Reserve Bank policy and procedures. 

ASSESSMENT CRITERION 8 
8. All currency movements are documented and reported according to Bank-specific formats. 

ASSESSMENT CRITERION 9 
9. Conditions of service level agreements with service providers are applied. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Administrative, project management.
Communication, writing skills. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
The learner is able to identify and solve problems when using statistics and historical data to formulate annual currency orders. 

UNIT STANDARD CCFO WORKING 
The learner is able to work effectively with others when public trends are researched, analysed and applied. 

UNIT STANDARD CCFO COLLECTING 
The learner is able to collect, organise and critically evaluate information on banking industry practice, public trends and on currency movements. 

UNIT STANDARD CCFO COMMUNICATING 
The learner is able to communicate effectively verbally and in writing when reporting currency movements and the research of economic trends. 

UNIT STANDARD CCFO DEMONSTRATING 
The learner is able to understand the relationship between statistics, historical data, economic trends and currency volume requirements. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
 
1. Absa Learning & Development 
2. African Bank Ltd 
3. Chartall Business College 
4. Nedbank Ltd 
5. Plumb Line Risk Alignment 
6. The Facilitation Workshop 
7. The Institute of Literacy Advancement 



All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.