Article: Mandela banknotes defective

An important security feature on the new Mandela banknotes -- which were rolled out in November last year -- has been found to be defective, the Sunday Times reported on Sunday.

The security thread, the most visible feature on the notes, which was meant to be embedded in the note, was found to be easily lifting off which could be a "counterfeiter's haven", the Sunday Times reported.
 
/facepalm

Here's to another couple of bar that will be spent fixing/redesigning it :(
 
I discussed this exact problem this week. I thought we had a fake note - the metal strip was completely loose.
 
So does this affect all the notes or just the German printed ones?
 
I also find the note paper quality to be exceptionally poor. It becomes very soft and can easily tear after some use.
 
Surely this would fall under some kind of guarantee?
 
The South African Reserve Bank -- which wholly owns South African Bank Note Company -- admitted to "isolated complaints"
Click to expand...

No problem then :D
 
compare-gold-image.jpg
 
I had a couple of R200 notes last night from an ATM.
The foil running down the note was mostly worn off - initially thought they were fake as well !
 
And the notes are wearing out very quickly, far faster than the old ones, I think.
I noticed this cos I keep both old and news ones in the Petty Cash Box at the office.
The new ones are not just 'getting worn', they are actually wearing out... becoming threadbare.
 
Notes are suppose to go through extensive testing before they are given out. I wonder which tenderpreneur is in hot water.

This is a big oops.
 
Not the first oops though.

According to an article on News24.com dated 20 May 2012, the South Africa Reserve Bank shredded more than 3.6 million 100-rand (US$12) notes printed by Crane Currency’s Swedish division (Tumba Bruk) because they have the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden aren’t the right color, and they are one millimeter short.

The article doesn't state if the defective notes are of the existing series (P131) or the new series featuring Nelson Mandela's portrait, which are scheduled for introduction in late 2012. In 2011, the South African Reserve Bank outsourced printing of the 100-rand note to Sweden following the discovery of missing security features on notes previously printed by the South African Bank Note Company.
 
Garyvdh said:
And the notes are wearing out very quickly, far faster than the old ones, I think.
I noticed this cos I keep both old and news ones in the Petty Cash Box at the office.
The new ones are not just 'getting worn', they are actually wearing out... becoming threadbare.
Click to expand...

The person they are based on is also worn out and threadbare
 
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