BULK RAND BANK NOTE PROCESSING
The SADC Banking Association identified the need for the bulk ordering and repatriation of Rand (ZAR) notes to be considered as a payment stream in the SADC Payments Project.
This was necessary as the proceeds of such transactions will affect the liquidity the SADC settlement system (SIRESS). The SADC Payments Project is not concerned with the individual transactions undertaken by banks and bureau de changes but only with the wholesale or bulk ordering or repatriation of bank notes.
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