Fake R200 bank notes are increasingly being found in circulation around South Africa in recent times and the South African Reserve Bank has recently issued a statement recalling all old notes. If you have any old two hundred Rand notes then it is advisable to get to your nearest commercial bank to exchange them by the 31st of May 2010. After this date it will only be possible to exchange the cash at South African Reserve Bank branches around the country.
It has been noted that counterfeit R200 bank notes are being produced at a high quality making it hard for businesses around South Africa to distinguish between the fake cash and the genuine. The newer two hundred Rand notes have high security features making it virtually impossible to forge including the distinctive paper they are printed on, holographic image, watermark, perfect registration and a windowed security thread of 4mm in width.
There are a few other security features embedded within the genuine R200 banknote that are explained in more detail on the official media release of this issue at the Reserve Bank website. Many restaurants and retailers around South Africa are now refusing to accept any R200 notes until this issue has been completely resolved in the near future. If you are a retailer still accepting the cash then familiarise yourself with the security features looking closely, feeling and tilting the notes in the light to make sure they are genuine before accepting the money. If you are a consumer wanting to buy goods from a retailer using old R200 bank notes then do not get offended or be surprised if a retailer refuses to accept the cash from you.