Regulatory Alerts2023-02-24
Added · Updated
Instruction No. 4/2023 on Euro Banknote and Coin Deposit and Withdrawal Operations
This instruction establishes the operational rules, locations, and schedules for credit institutions and value-in-transit companies to deposit and withdraw euro banknotes and coins at the Bank of Portugal. It mandates the use of the GOLD application for order management, defines specific packaging standards and reference units for transactions, and sets out credentialing and mandate procedures. The document also outlines penalties for non-compliance with cash recirculation duties and specifies the handling of counterfeit or unfit currency.
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