R200 bank notes

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.
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I hate that idea, then when i have to carry 10k, its all in 100 rand notes and doesnt fit anywhere looking like its nearly 3x the amount and get my ass robbed.
 
So the counterfeiters are going to start counterfeiting R100.00 notes instead. It won't be as profitable but it will still be money for nothing.

How about instead of treating the symptom they find the counterfeiters and arrest them instead.
 
PeterCH said:
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.
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My business also does not accept R200 notes anymore. We did accept the new one previously, but earlier this week our bank called us because one of the notes we deposited was fake. It was one of the new notes. :-( So no more R200 for us.
 
BrendanD said:
So the counterfeiters are going to start counterfeiting R100.00 notes instead. It won't be as profitable but it will still be money for nothing.

How about instead of treating the symptom they find the counterfeiters and arrest them instead.
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It's the old notes that are doing the rounds, the new notes are hard to counterfeit
 
After thinking about it, this is actually quite the canny move by the reserve bank - if there were major counterfeiters headed for a good time in SA next month (FIFA officials with unrestricted foreign currency policies I'm looking at you), this is a solid kick in the pants.
Unless they have R100s, in which case we're seriously screwed.
 
well **** a duck:mad:
lets say you were saving cash for a rainy day
and lets say you go check
and a portion of the rainy day are these mickey mouse notes.....
 
Don't accept any R200 notes

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 the R200 note. Customers can only exchange R200 notes 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.

There's about R1 million rand's worth of R200 counterfeit notes circulating right now and it's recommended that any business refuse to accept a R200 note. I've seen a few shops recently, both in Eastgate & Greenstone with signs saying they won't accept R200 anymore.

Please see the following references:
http://www.iol.co.za/index.php?art_id=vn20100304042526202C509736
http://www.newstime.co.za/rs_headlines.asp?recid=5408
http://news.iafrica.com/sa/2398465.htm
 
SoftDux-Rudi said:
Please note that the banks will not accept a R200 note from 01 June 2010.
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Banks will only accept the old R200 note until the end of May after that they can be exchanged at a branch of the reserve bank.
 
^^^^

What he said, don't go around scaring people. It's only the old R200 notes that are a problem.


SoftDux-Rudi said:
Do not except any R200 notes after 31 May 2010, you won’t be able to do anything with the R200 note. Customers can only exchange R200 notes 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.
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Also, it's accept (like in the title), not except(like in the post).
 
SoftDux-Rudi said:
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 the R200 note. Customers can only exchange R200 notes 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.

There's about R1 million rand's worth of R200 counterfeit notes circulating right now and it's recommended that any business refuse to accept a R200 note. I've seen a few shops recently, both in Eastgate & Greenstone with signs saying they won't accept R200 anymore.

Please see the following references:
http://www.iol.co.za/index.php?art_id=vn20100304042526202C509736
http://www.newstime.co.za/rs_headlines.asp?recid=5408
http://news.iafrica.com/sa/2398465.htm
Click to expand...

There is nothing wrong with R200 notes. And most businesses and banks still accept them and will accept them after 31 may 2010.

Fake notes on the other hand are never acceptable. And due to a high influx of fake OLD R200 notes, banks will no longer accept them after 31 May 2010. The new R200 notes are still perfectly acceptable though.

Please get your facts straight.

The new R200 notes are LEGAL TENDER and a business cannot refuse to accept them unless they can prove that they are fake.
 
za1 said:
well **** a duck:mad:
lets say you were saving cash for a rainy day
and lets say you go check
and a portion of the rainy day are these mickey mouse notes.....
Click to expand...

You should never have accepted any fake notes in the first place.
If they are the old ones, then you can still present them at your bank to be changed.
 
Garyvdh said:
You should never have accepted any fake notes in the first place.
If they are the old ones, then you can still present them at your bank to be changed.
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Don't be daft its not like anyone accepts them on purpose?
But yeh, turns out they were not fake, just the old style, I wasn't aware there were two kinds!

Anyhow fascinating - just checked all the notes with a magnifying glass - who knew the brown lines actually said South African Reserve Bank
 
Last edited:
za1 said:
Don't be daft its not like anyone accepts them on purpose?
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Anybody who accepts one only has themselves to blame.... and would deserve the title of "daft"
Smart people check their notes.... I always do.

The fact that you were worried about it means you never really did check them in the first place... did you?

A fool and his money are soon parted.
 
Garyvdh said:
Anybody who accepts one only has themselves to blame.... and would deserve the title of "daft"
Smart people check their notes.... I always do.

The fact that you were worried about it means you never really did check them in the first place... did you?

A fool and his money are soon parted.
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oh please dude, before this came to light, you knew what to look for?
plus I really don't think you in the same league of volume of notes, but don't worry about it......all is good, none were fake.


and yeh, I don't sit examining every note, first time was today!
 
Chicken Boo said:
I haven't seen anything about this on mybb.

http://www.ecr.co.za/kagiso/content...&pid=6029&Clearing-up-the-R200-note-confusion
http://www.iol.co.za/index.php?click_id=13&set_id=1&art_id=vn20100520043418640C493318

From 1 June commerical banks will not accept R200 bank notes, they will only be valid tender at the reserve bank.

I'm not sure about the timing of this recall...
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fake R200 notes are on the loose,they are pretty good copies and it's hard to spot the def so they are of limits.
 
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