Here's What to Do with Your 'Outdated' R200 Notes

Here's what to do with your 'outdated' R200 notes

The South African Reserve Bank (SARB) has issued a public reminder regarding the correct process for exchanging the withdrawn ‘Big Five’ R200 banknotes, following queries from the public. These specific R200 notes were officially withdrawn from circulation in 2010 after a rise in counterfeiting incidents involving high-quality fakes. The old series lacked the advanced security features now found in newer banknotes. At the time, the SARB instruct…

SARB clarifies process for old R200 notes

Fifteen years after the South African Reserve Bank (SARB) withdrew the ‘Big Five’ R200 banknotes due to widespread counterfeiting, confusion persists among the public about how to exchange them. In a recent statement, the central bank reiterated that while commercial banks no longer accept these notes, they can still be swapped for legal tender, but only through one specific channel, as reported by Business Tech. The withdrawn notes, which are p…