Central bank recovers thousands of fire-damaged notes

in News · 10-05-2018 15:26:00 · 0 Comments

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 on Monday.

The Bank said that it withdrew about 647 million notes from circulation last year worth around €13.3 billion.
Around 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 of which it was able to check and confirm the origin so the amounts could be returned to the proper owners. TPN/Lusa


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