South African Central Bank Warns Citizens Against Accepting Tainted Banknotes

South African Central Bank Warns Citizens Against Accepting Tainted Banknotes


A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink.

Increasing Circulation of Stained Banknotes

According to an EWN report, the South Africa Reserve Bank (SARB) has also warned South Africans caught in possession of such banknotes that they risk becoming targets of a criminal investigation. The warning follows what the SARB termed an “increase in the circulation of dye-stained notes in KwaZulu-Natal and Gauteng.”

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Immediately following the jailing of former President, Jacob Zuma, South Africa plunged into chaos after supporters of the jailed leader violently protested the incarceration. The chaos enabled criminal elements to embark on a looting spree whose cost is now estimated to run into the billions of dollars.

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