Central Banking

Banknote Watch SA launched

A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.

The South African Reserve Bank, which is one of the organisations spearheading the initiative, released a statement in its website explaining the goal of the effort.

"Its core slogan 'a stained note is probably a stolen note' sums up the purpose of the new crime prevention body," the statement noted. "It is to ensure that cash

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