Ecuador brings in anti-theft dyes
Latin American country faces increasing crime rates including attacks on ATMs
The Central Bank of Ecuador (BCE) announced on January 17 that it will require anti-theft dyes to deter raids on stocks of cash.
The central bank’s regulation, adopted in December, obliges financial institutions to put in place “intelligent banknote neutralisation systems” (IBNS) to stain stolen banknotes. The ink used must be non-toxic and irremovable. The marked bills will “lose value”, according to the resolution.
Commercial banks will receive the marked notes for recovery by the BCE. Only
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