Central bank recovers thousands of fire-damaged notes

By TPN/Lusa, in News · 08-05-2018 08:43:00 · 0 Comments
Central bank recovers thousands of fire-damaged notes

The Bank of Portugal has recovered about 4,000 notes that were damages in last year’s huge forest fire, returning about €115,000 to the rightful owners, the central bank said.

The Bank said that it withdrew about 647 million notes from circulation last year worth around €13.3 billion.

1.3 million of the notes were €500 denomination bills worth €597 million, the bank said.

Following last year’s fires, the Bank of Portugal received a large number of damaged notes that it was able to check and confirm the origin so the amounts could be returned to the proper owners.


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