Regulatory Alerts1999-05-05
Decree No. 99-334 of May 5, 1999 on the Organization of Banknote Destruction Centers
Issued by the Central Bank's Board of Directors, Decree No. 99-334 establishes and regulates banknote destruction centers for out-of-use or withdrawn currency. It assigns exclusive operational supervision to the Central Bank, mandates that appointed managers take a judicial oath before assuming duties, and requires detailed destruction records to be filed with the Bank's Government. The decree further standardizes pre-transport perforation and verification procedures, delegates implementation rules to the Governor's signed instructions, and repeals Decree No. 71-537 of 1971.
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