Saturday, September 4, 2010

Counterfeit R200 Notes In Circulation

Over one million rands worth of high quality counterfeit R200 notes are currently in circulation in Grahamstown. The South African Reserve Bank (SARF) is encouraging consumers to present their old R200 notes at any commercial bank by the end of May. The reserve bank hopes consumers will become familiar with the new features to avoid being scammed in future.

Jane van Doorene spoke to local business owners and managers about their techniques for spotting the counterfeit notes.

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