Decision ECB/2010/14 ensures that credit institutions and cash handlers only recirculate euro banknotes if they have been checked for both fitness and authenticity.
The successful check comprises the following two main criteria:
- Authenticity: The ECB (EC) No 1338/2001 Article 6 regulation ensures that the devices withdraw from circulation all euro notes received by them which they know or have sufficient reason to believe to be counterfeit.
- Fitness: The ECB recirculation framework requires an acceptable tolerance level for the fitness checks by banknote handling machines of 5% within 12 various sorting criteria for all Euro denomination-series. This means that a maximum of 5% of the euro banknotes that do not meet the fitness criteria may be misclassified by the machines and sorted as fit.
CI Note Line is listed as “Successfully tested banknote handling machine” by November 28th on the ECB website at:
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