Machines rejecting new €5 note

By TPN/Lusa, in News · 10-05-2013 14:30:00 · 0 Comments
Machines rejecting new €5 note

A series of machines across the country, such as those found in car parks are rejecting the new €5 note, it has emerged.

The Bank of Portugal (BdP) has said payment equipment has to be able to accept the new five-euro notes that came into circulation at the beginning of the month and the suppliers were responsible for updating the software.

Reacting to news that some machines were rejecting the new notes, the Bdp said “any equipment that accepts notes must have the software adapted to the kind of notes it mat get.

“The suppliers were given the opportunity of making any tests they considered necessary as of November 2012 at any national central bank in the Eurosystem”, he said.

Announced in January by the president of the European Central Bank (ECB) Mário Graghi, the new note which came in to circulation a fortnight ago, is the first of a new ‘Europe’ series.

The other notes, with the same denominations as the current ones, are scheduled to be released “over the coming years” in growing order, so the next is to be the €10 then the €20 and so on.

The old and new notes will circulate at the same time until the old ones are withdrawn.

This second generation of bank notes has increased security features due to technological advances since the first ones came out more than a decade ago.

The sizes and colours of the notes are to remain the same.


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