Banks will exchange old R200 notes until the end of July

2010-06-17 13:07

Commercial banks will accept pre-2005 R200 banknotes still in

circulation for exchange until July 31, according to the South African Reserve

Bank.

“It has come to our attention that there are members of the public

in rural areas who are experiencing difficulties in accessing a branch of the

South African Reserve Bank,” it said.

After July 31, it will only be possible to exchange the notes at

Reserve Bank branches.

“These notes remain legal tender, and there is no time limit on

when they can be presented for exchange.”

The Reserve Bank encouraged the public to rely on the post-2005

upgraded R200 notes.

“Retailers are obliged to accept them,” it insisted.

The Reserve Bank began recalling older R200 notes earlier this year

to fight counterfeiting.


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