The National Bank of Hungary (MNB) will require credit institutions and state-owned postal company Magyar Posta to gradually install ultraviolet banknote authenticators at teller’s desks in offices handling daily cahs flow of more than HUF 5 million, the bank writes in a press release.
MNB modified its two measures regulating the distribution of banknotes and the technical terms of their protection against counterfeiting. The objective of the central bank is to intensify the protection of banknotes and maintain the quality of banknotes on the market. The proportion of banknotes controlled by these machines in the nationwide cash flow will grow remarkably by 2017. This step will help increasing the quality of cash in circulation, too, MNB claims.
MNB already called for a tender this spring targeting people in the retailer and the hospitality segments with the intention to help UV-A/C lamps becoming more widespread. Within the framework of the tender, MNB will support companies and private entrepreneurs with 60% of the net price of UV-A/C lamps.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
