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Euro Cash Quality Control Regulation

At its regular meeting, the Governing Council of the Bulgarian National Bank (BNB) adopted Ordinance No. 18, establishing the framework for quality control of euro banknotes and coins in circulation.

The ordinance is based on the new Bulgarian National Bank Act (promulgated in State Gazette No. 13 of February 13, 2024) and aligns with EU legislation, which largely governs cash quality control within the euro area. This includes directly applicable EU acts such as:

  • ECB Decision of 16 September 2010 on authenticity and fitness checks of euro banknotes (ECB/2010/14);
  • ECB Decision of 19 April 2013 on denominations, reproduction, replacement, and withdrawal of euro banknotes (ECB/2013/10);
  • Council Regulation (EC) No 2182/2004 on medals and tokens similar to euro coins;
  • Regulation (EU) No 1210/2010 on euro coin authentication and handling of unfit coins.
  • The new ordinance ensures the implementation of these acts and sets national rules for:
  • Reproduction of euro banknotes and coins;
  • Replacement of damaged genuine euro banknotes by BNB;
  • Exchange of unfit euro coins;
  • Seizure, verification, and expert assessment of suspected counterfeit money;
  • Sorting out unfit cash from circulation.

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