Loading...
See More

Beware fake Randela notes

Nov 20 2012 11:17

Randela banknotes.

Related Articles

Marcus: Madiba excited about new notes

'Randela' banknotes to start circulating

Sarb launches new Mandela notes

'Randela' notes go into circulation

Zuma: Realise Mandela's dream

Madiba, Mbeki got far less than Zuma

 
Cape Town - Barely two weeks after the new Randela banknotes started circulating, counterfeit notes have made their appearance, the New Age reported on Tuesday.

Some people who are not familiar with the security features of the new banknotes and sections of the small business community, mainly spaza shops, say they practise caution when handling them, in particular the R100 and R200 denominations.

The South African Reserve Bank (Sarb) has confirmed that it has received reports of the fake notes.

“The bank is aware of isolated cases of counterfeit notes of the new banknote series featuring former president Nelson Mandela,” said Sarb spokesperson Hlengani Mathebula on Monday.

The new banknotes, which feature former president Nelson Mandela on the front and pictures of the Big Five animals on the back, went into circulation on November 6.

Security features include watermarks, micro-printing and unique numbering. The notes feature raised printing for visually impaired people, and are the same size as those already in circulation to avoid confusion.

The new banknotes will circulate with the existing currency and both will be legal tender.

The launch was preceded by a public awareness campaign which included television, radio and print advertisements as well as electronic media and social networking.




 
sarb  |  nelson mandela  |  rand
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
30 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...