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#Covid-19: Sarb withdrawing banknotes, coins is fake news

The South African Reserve Bank (Sarb) has warned reports that it is withdrawing banknotes and coins due to the Covid-19 outbreak are fake news.

17 Mar 2020

Image source: Getty/Gallo

“It is believed that criminal elements are visiting the homes of members of the public telling them to hand over banknotes in their possession because the banknotes have been contaminated with the coronavirus,” said the Sarb.

The central bank said the criminal elements carry false Sarb identification and provide false receipts in lieu of the banknotes “collected” which they purport can be collected from any of the banks.

“The Sarb has neither withdrawn any banknotes or coins, nor [has it] issued any instruction to hand in banknotes or coins that may be contaminated with the COVID-19 virus,” it said in a statement.

The Sarb said it will not, under any circumstances, send employees or representatives to collect cash from the public.

“If members of the public are approached by individuals purporting to be Sarb employees or representatives, to hand in their cash, they should refuse and contact local police. There currently is no evidence that the Covid-19 virus is transmitted through the use of banknotes and coins."

Source: SAnews.gov.za

SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

Go to: http://www.sanews.gov.za