Regulatory Alerts2025-07-31
Ordinance No 18 of the BNB on the Control over the Quality of Euro Banknotes and Euro Coins in Currency Circulation
The Bulgarian National Bank issued Ordinance No 18 to establish national procedures for the exchange of mutilated euro banknotes and unfit coins, the retention and evaluation of suspected counterfeits, and the use of sorting machines. It mandates that banks and service providers immediately submit retained suspected counterfeit euro and foreign currency items to the BNB for authentication within 20 working days. The ordinance further requires strict compliance with ECB standards for machine testing, fitness classification, and internal reporting to ensure the integrity of currency in circulation.
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