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*South African Reserve Bank Refutes "New R500 Note Imminent" Report* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ad The South African Reserve Bank (SARB) has dismissed false reports claiming that it is planning to introduce a R10 coin and a R500 note. A fake Twitter account bearing SARB’s name tried to mislead the public by announcing, on 10 June, the imminent release of the two denominations. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- However, posting on Twitter on Saturday, 11 June, SARB said it has since reported the fake Twitter account. It said: > Please note that this is a fake account and has been reported to Twitter. SA Reserve Bank is not planning to issue a R10 coin or a R500 note. On 29 January 2009, SARB was also forced to speak out on rumours that it was about to issue a new R500 note. The SA central bank said then: > The attention of the public is drawn to the existence of an image of a fake R500 note design which is circulating via electronic mail. > The bank is investigating the origin of these designs which carry the logo of Southern Designer. > South Africa has a family of five banknotes and the R200 note remains the highest denomination. The bank is not planning to issue any new notes, including R500 notes, in the near future. > The public is encouraged to take note of the security features on the South African bank notes. *More: Pindula News* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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