Regulatory Alerts2024-01-01
Decision on Authenticity and Fitness Checking of Euro Banknotes and Coins
The Council of the Central Bank of Montenegro issued this decision to standardize the authenticity and fitness checking, recirculation, withdrawal, and destruction of euro banknotes and coins. It mandates cash handlers to implement standardized manual and automated verification procedures using Central Bank-tested machines or trained staff, while requiring semi-annual reporting and on-site inspections to ensure compliance. The regulation further establishes certification protocols for processing machines, outlines staff training programs valid for four years, and defines the handling of suspect, counterfeit, and unfit currency.
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