MALAWI PRAYS PEOPLE WILL STOP ABUSING BANKNOTES

The Reserve Bank of Malawi (RBM) has asked religious leaders in the country sensitize their follows to desist from mishandling the banknotes.

This comes at a time the Bank is concerned that it uses between MK10 billion and K15 billion every year to replace damaged banknotes.

In the letter, RBM Governor, Dalitso Kabambe, cites the practice of stepping over banknotes, placing banknotes under wet conditions in fresh fish and vegetable markets, using soiled hands, keeping banknotes in socks and smelting coins for repairing bicycles, as some of the regrettable practices.

“Such malpractices damage our currency and are costly to the bank,” Kabambe said.

RBM, therefore, expresses willingness to join hands with the church community in dealing with the malpractices.

“We strongly believe that the church is one place where the bank can be assisted in advancing its noble cause. The church also stands to benefit from this exercise as we understand church leaders spend hours on end unfolding and straightening banknotes after collections,” he said.

To read the complete article, see:
Malawi religious leaders asked to preach against the mishandling banknotes (http://www.maravipost.com/malawi-religious-leaders-asked-preach-mishandling-banknotes/)

The Saudi Public Prosecution appealed to the public, urging them not to tamper with bank notes they are using in their daily transactions.

It launched an awareness campaign, warning that violators would face legal measures, according to Akhbar 24.

Lawbreakers convicted of defacing notes would be jailed up to five years and handed down fines which could reach SR10,000.

The penalties would apply to lawbreakers who tear bank notes, deface them using chemical substances or destroying them partially.

To read the complete article, see:
Saudi warns against tampering with banknotes (http://www.gdnonline.com/Details/317031/Saudi-warns-against-tampering-with-banknotes)

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