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The withdrawn notes, which are part of the 2005 Big Five series featuring iconic South African wildlife, were pulled from circulation in May 2010 after high-quality counterfeits flooded the market. Today, the SARB is urging anyone still holding these notes to visit their Johannesburg office for a direct exchange, while also reminding citizens to verify the security features on current banknotes to avoid fraud.