Most of you probably heard the rumor about the R200 South African bank note that is not being accepted anymore.

Please note that this is kind of true, the South African Reserve Bank is recalling all R200 notes due to it having a high volume of counterfeit bank notes available out there, it is just the old series R200 notes that are being recalled.

Allot of businesses are already not accepting the R200 notes, good news is that you can trade in your old R200 notes.

The South African Reserve bank has urged all South Africans to urgently exchange their R200 bank notes at their local bank before the 1st of June 2010. The R200 note will not be discontinued but rather a new version of the note will be made available that is not that easy to counterfeit as the current R200 note.

Do you still do large transactions with cash? When last did you get a R200 notes from the ATM or Bank teller?