R200 bank notes

Lots of shops are not taking R200 notes.

They should check the note, not just flat out refuse without a reason to not accept a valid note.
 
You know what? 4 years of being with Absa and I never received a R200 note. Useless bank but I won't ask for one now.
 
Timing is good as tourists will exchange their dollars and euros for rands only when they get here.
The guys who have printed and bought the fake R200 notes will come into the country wanting to pay using it and get a nasty suprise and won't be able to explain how the got it in the first place.
 
catweasel said:
Lots of shops are not taking R200 notes.

They should check the note, not just flat out refuse without a reason to not accept a valid note.
Click to expand...
Did you see the part about these being high quality counterfeits... so the shops are taking the safe approach? Means you must ensure yours isn't fake and exchange it as per the guidelines of the articles.
 
nfbs said:
Timing is good as tourists will exchange their dollars and euros for rands only when they get here.
The guys who have printed and bought the fake R200 notes will come into the country wanting to pay using it and get a nasty suprise and won't be able to explain how the got it in the first place.
Click to expand...

;)

Although, these criminals are sharp, they probably have the printing press plates changed to R100 by now.
 
Phoned the ABSA branch near me and they said its better to bring the notes in, it seems like the reserve bank has recalled all the old R200 notes. I took in what i had and exchanged them all for R 100 notes. Just hope the same things doesn't happen to them.
 
Recently had the chance to visually inspect one of the fake R200 notes... excellent quality, but there are a few odd things here and there. Such as the metallic strip with SARB on it which is just a poor reproduction of the original.
 
One wonders why criminals are stupid and go for the largest denomination? Why not duplicate the 10's and 20's or even 50's and flood the market. Fly under the radar rather.

Maybe it makes sense to go with the highest denomination?
 
killadoob said:
One wonders why criminals are stupid and go for the largest denomination? Why not duplicate the 10's and 20's or even 50's and flood the market. Fly under the radar rather.

Maybe it makes sense to go with the highest denomination?
Click to expand...
The idea is to take the counterfeit high-denomination note to an unsuspecting shopkeeper, purchase something and walk out with real money as change. That doesnt work as well with lower denominations.
 
bwana said:
The idea is to take the counterfeit high-denomination note to an unsuspecting shopkeeper, purchase something and walk out with real money as change. That doesnt work as well with lower denominations.
Click to expand...

No i get that, i watched a doc on canada when they banned the 100 dollar note there but it will get picked up faster when people start losing large sums. Granted the canadian 100 dollar fake was just about perfect it was actually greed that led to them getting found out.

I guess it makes sense to use a 200 rand note even if it gets caught faster by then you have made a killing.
 
This is great news :)

Bigger notes devalues your currency. I'm glad they are doing away with the R 200 notes.

edit:
Nvm, just read now it's only because of the fakes doing the rounds.... But they should stop printing R 200 notes all together and remove it.
 
Last edited:
Pitbull said:
This is great news :)

Bigger notes devalues your currency. I'm glad they are doing away with the R 200 notes.

edit:
Nvm, just read now it's only because of the fakes doing the rounds.... But they should stop printing R 200 notes all together and remove it.
Click to expand...

Not in themselves.
 
Hmm, we hardly use R200 notes though? Even with all our inflation, it still seems like too big of a note to use :p
 
We hardly need the R200 but it keeps the big 5 theme together. Also, the reserve bank made a bad call of not taking out all the old R 200s like they took out the rest of the notes. I remember in Europe that many shops only accepted up to the 50euro note.
 
I use the R200 note all the time. Standard Bank ATMs always give me R200 notes. I checked the ones I got today, and they are all the new ones. I imagine they won't fill an ATM with the old notes.

I will be very very annoyed if a shop doesn't accept one of these notes, but I have had no troubles so far.
 
we often get R200 notes... and happily accept them after inspecting them. Getting rid of them is also not a problem.
 
Cringeworthy composition aside, there's this too:
From: Mabele, Mmule [@fnbcommercial.co.za]
Morning all,
Word of advise.

Please note that the banks will not accept a R200 note from 01 June 2010.
Exchange any R200 notes that you have before 31 May 2010.
Do not except any R200 notes after 31 May 2010, you won't be able to do anything with it. Garages and many shops do not except the R200 notes anymore. Customers can only exchange that at the branch up to R5000. If they have more, they need to go to the Reserve Bank directly. All R200 notes that customers have from 01/06/10, will have to be exchanged directly at the Reserve Bank.

Please circulate this message
Click to expand...
 
bdt said:
Cringeworthy composition aside, there's this too:
Click to expand...

Mabele, Mmule is wrong. First of all, it's word of advice, secondly, it's only the OLD R200 note which is being taken out of circulation. Please email this person or preferably his boss to correct the mistake.
 
I have recently spent R6000 worth of R200 notes on various stuff with no hassels.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X