About 7.3 million of older editions KM banknotes so far has been withdrawn from circulation, and the money that is inappropriate for circulation is destroyed on high-sophisticated machine systems, has been confirmed for “independent newspapers” from the Central Bank of Bosnia and Herzegovina (CBBH).
According to the Central Bank of BiH, in accordance with the Law on the Central Bank of BiH, inappropriate currency is drawn from circulation, destroy and replace banknotes and coin of the Central Bank.
“In accordance with the analyzes conducted by the Central Bank, the total amount of banknotes of older releases that are withdrawn from circulation is estimated at 7.3 million pieces of KM banknotes. In relation to the total amount of banknotes outside the CB BiH in the amount of 111 million pieces, the older editions are participating with a percentage of about six percent, “said CB BiH.
Clarify that money that is inappropriate for circulation does not recycle.
“By decision to treat banknotes and the convertible brands that is inappropriate for circulation and damaged banknotes of the effective foreign money, 88/24 from 10. December 2024), CB BiH established traits and characteristics, as and the way of treating banknotes and the convertible brand with the convertible marks that is inappropriate for circulation and damaged banknotes of effective foreign money. CB BiH, through the Treasury of its main units and branches, in regular business, is taken from commercial banks, KM which is inappropriate for circulation (worn and damaged coins, banknotes, banknotes, and coining money that retreats from Initiating and ceasing to be a legal means of payment), in accordance with the CB BiH regulation on the Procedure of Procedure / Cash Procedure in the CB BiH vaults “, allegations.
They add that the Central Bank also receives the Damaged banknotes and coins from individuals who submit a request for replacement in the event of greater banknotes and KM coins if the conditions prescribed in order for replacement.
“The largest quantities of destroyed banknotes are worn out of use, due to use, and significantly reduced the quality of paper and colors, ie their appearance are not eligible for further circulation. On the other hand, damaged banknotes are banknotes with different types of damage, such as banknotes pledged into two or more parts of the adhesive, the banknotes, drawn damaged fat, paint or banknotes that they burned, burned, corrected and the like “, they clarified from CB BiH.
In addition, they also state damaged coining money in fact money that is distorted, distracted, bitten, ie lost authentic form.
“Regular process of destroying inappropriate money and releasing banknotes that possess adequate qualitative properties, a satisfactory level of quality of money in circulation and allows easier authentication. For the CB BiH, this is a continuous process that is performed in accordance with the regulations and procedures of the Central Bank, “they concluded.
