Česká Spořitelna received a fine of half a million crowns from the Czech National Bank (CNB). The bank’s staff at each branch refused to replace the damaged banknotes and did not check the banknotes before they were returned to circulation. This resulted from the decision published by the CNB on its website. Full article here
Beware, all legal entities accepting cash and returning cash back into money circulation have obligations under the law. It is therefore very important to thoroughly train staff and cash desks about these obligations and rights. CST Consulting is the Czech National Bank’s authorized person to organise such trainings from this November. We will be pleased to help you with the theoretical knowledge, as well as the practical skills of recognizing counterfeit and altered banknotes and coins.
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