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Following its successful launch, the roll-out of the Interop portal is taking place in a smooth manner. Most credit institutions were already using Interop at end-June 2012, and cash orders by fax will no longer be accepted as of September.
An overview of the information that cash recyclers now need to submit to the Banque de France on either a six-monthly or, for sites handling large volumes, monthly basis.
In a decision adopted on 16 September 2010, the ECB renewed the legal framework governing the recycling of banknotes. While the principles underlying the existing agreements remain the same, the decision introduces two notable changes: the Banque de France now has the authority to reduce handling restrictions in the event of a crisis, and cash handlers have an obligation to report to the central bank.
As of 1 January 2011, it will no longer be necessary to face and orientate banknotes when depositing them at the counters of the Banque de France branches. This measure, which responds to a request from the banking sector, is also part of a harmonisation effort within the euro area.
Updated on: 10/11/2021 15:39