Latest News

A report of a current event, knowledge, information

News Image
Jul 22,2021

South African Central Bank Warns Citizens Against Accepting Tainted Banknotes

Seven days after in excess of 1,400 ATMs in South Africa were assaulted during a plundering binge, the country's national bank is currently requesting that residents reject banknotes that are stained with hints of blue and green ink.

Expanding Circulation of Stained Banknotes

As per an EWN report, the South Africa Reserve Bank (SARB) has likewise cautioned South Africans trapped possessing such banknotes that they hazard turning out to be focuses of a criminal examination. The admonition follows what the SARB named an "expansion in the dissemination of color stained notes in KwaZulu-Natal and Gauteng."

Quickly following the imprisoning of previous President, Jacob Zuma, South Africa dove into tumult after allies of the imprisoned pioneer savagely fought the detainment. The disorder empowered criminal components to set out on a plundering binge whose cost is presently assessed to run into the billions of dollars.

Plundering of ATMs

As the EWN report proposes, the mayhem that followed the underlying plundering and burning of land property furnished ATM burglars with an ideal chance to build their assaults. In any case, South African ATMs apparently "hold cash in extraordinary compartments ensured with color stain innovation."

This innovation is "initiated when the holder is torn open." When that occurs, "the money is stained with a green and blue color, consequently mutilating the notes, delivering them unusable as cash."

In the meantime, the national bank has likewise encouraged South Africans who were given or unwittingly acknowledged such notes to take them to their closest police headquarters right away. At the hour of composing, the SARB had not shared the specific number or worth of the taken banknotes.

Related News