Ever wondered what torn banknotes are worth? The answer may surprise you | TheCapeArgus
Cape Town - It has happened to us all, either accidentally or at the hands of a young child.
SARB's Currency Integrity Enablement Officer, Tumelo Mopai, said that any one wishing to exchange mutilated banknotes are encouraged to "deposit at a Commercial Bank where they hold an account". Mopai did say that people should take into consideration that banks use a standard payment criteria to pay out mutilated banknotes, and that not every bank renders this service.
When it comes to putting a value to mutilated banknotes, it all depends on how the note is torn. Picture: South African Reserve Bank "Furthermore, the onus remains with the Commercial Banks to authenticate such banknotes before accepting them."These are what the banks had to say on the matter:
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