Regulatory Alerts2025-07-31
Ordinance No 47 of the BNB on Conditions for Providing Information by Credit Institutions and Retaining Banknotes and Coins in Levs
The Bulgarian National Bank issued Ordinance No 47 to regulate credit institutions' obligations regarding information provision and the handling of suspected counterfeit lev banknotes and coins. Banks must report weekly inventory data and fee structures to the BNB while ensuring customer communications are clear, accurate, and compliant with payment service laws. Additionally, the ordinance mandates the retention, authentication, and evaluation of suspicious currency by the BNB, establishing strict procedures for documentation, submission, and final disposition of genuine or non-genuine items.
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