Most of you may be aware of the current R200 note counterfeit problem in South Africa and the requests from the Reserve Bank to return all old series R200.00 notes which are still in circulation.
Do you have a R200.00 note in you wallet and are in a state of confusion as to whether this is applicable to you? Well, to clarify - this is how it works (to my understanding):
- If you have a R200.00 note which is genuine and not a counterfeit, however you find that it is the old series, then you can go to your nearest bank or Reserve Bank branch and exchange the old series for the new series R200 note.
-If you have a R200.00 note which is in fact a counterfeit, you cannot visit the bank and return it for a genuine bank note (the bank will not accept counterfeit notes), unless you can prove that you had made a withdrawal from the atm at the bank in question and that the bank had issued you with that counterfeit note.
The R200 banknotes of the upgraded series bearing the signatures of former Governor, Mr T T Mboweni and current Governor, Ms G Marcus have the security features outlined here and are not affected by the current counterfeit problem. These banknotes will remain in circulation.
If you are unsure as to what the upgraded series looks like, visit your nearest bank branch for assistance. Remember that the public is being given up until the end of May 2010 to return old notes.
I hope that this helps guys!
Durban's Gossip Girl...xoxo
(Source: jacarandafm.com)
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nice post for mothers day :)
ReplyDeleteHi, thank! Glad you liked it :-)
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