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National Bank buys currency disintegration equipment

12 January 2007 [00:41] - TODAY.AZ
National Bank of Azerbaijan has bought currency shred device and granulator from the Kusters Engineering to destroy the old banknotes.

The National Bank Officer Hajibaba Masimov told the APA that the currency processing systems will be installed in the bank next month.

"The banknotes will be destroyed after the order of Currency Disintegration Commission. The old currency notes will completely be destroyed," he said.

The shreds of destroyed banknotes are burned or purchased by businessmen to use in furniture industry.

He said that the old currency notes are 400 to 500 tons in weight. He said that the current granulating equipment of the National Bank is low-tech.


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