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Checking of euro banknotes

The Central Bank of Cyprus has issued a Directive under Article 20 of the Central Bank of Cyprus Laws of 2002 to 2007 regarding the implementation of the European Central Bank's Decision (dated September 16 2010) on the authenticity and fitness checking and recirculation of euro banknotes (ECB/2010/14).

The Directive sets out standards for checking the authenticity and condition of banknotes by banks before they are returned to public circulation.

The Directive is available only in Greek, but its provisions are similar to those of the European Central Bank's Decision of September 16.

David Stokes

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