Banknote controls increased

  • 2012-01-11
  • From wire reports
TALLINN - The need to introduce a software update for improving banknote inspections is due to the decision of the ECB’s Governing Council to lay down requirements for checking the authenticity and fitness for circulation euro banknotes, and to the recycling of these banknotes, reports LETA. Credit institutions and cash handlers can now release only such banknotes back into circulation that have successfully passed the machine check, the Estonian central bank (Eesti Pank) reports.The Governing Council’s decision was applied on Jan. 1, 2012, in Estonia.As a result of t...
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