Regulatory Alerts2002-01-01
CB Circular 07/2002: Counterfeit ZAR 100 Denomination Notes
The Bank of Zambia directed all commercial banks to exercise vigilance during foreign currency transactions following the discovery of two counterfeit ZAR 100 notes (serial BT3894895) in Durban. The circular mandates staff to scrutinize incoming South African rand using a detailed attachment that contrasts genuine security features with known forgeries. Key authentication indicators include 100% cotton paper, a continuous black security thread, UV-fluorescent fibers, and raised intaglio printing, all of which are missing or poorly replicated in the fraudulent specimens.
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