Don’t panic, police tell the public

2010-07-22 00:00

FEARS that a surge of counterfeit R100 notes may find its way into circulation have been assuaged by local police.

The SA Police force in the midlands confirmed yesterday that no cases of counterfeit currency have been reported.

According to the South African Reserve Bank, R100 notes remain legal tender.

The issue came to the fore earlier this week when reports of fake notes surfaced. The reports have since been identified as isolated incidents that are not consistent with the widespread distribution of fake R200 notes earlier this year.

Warrant Officer Joey Jeevan encouraged people in possession of fake currency to contact the SAPF.

Fin24 gave guidelines for spotting fake currency:

•The security thread on the note is a safety check;

•Besides the coat of arms, users should be able to see “SARB”, “RAND” and the denomination numeral when they hold the note up to light.

•Hold the note up to a light source to check that the denomination numeral is not blurred or obscured.

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