The new Randela’s are already being copied and reproduced by the market, reports News24.com.
My first impression of the Randela bank notes was that they look cheaper than the old bank notes. A friend and colleague informs me that the new bank notes are made of paper, not cotton as before.
The SARB website confirms the Randela bank notes are now made of paper. Of course paper notes will be easier and cheaper to copy than cotton bank notes, and the market has wasted no time competing with the SARB and commercial banks to do so.
The cheaper the cost to produce Randela’s, the more profits will accrue to the SARB and government for creating them and buying real goods and services from us, the public. However, the cheaper to produce Randela’s the greater the potential for the market to copy and spend them.