Central Banking

Canada's banknotes getting mangled in old machines

A document quoted by the Canadian Press on Monday 6 November says that the Bank of Canada's currency counting machines need replacing to stop tatty bills getting stuck in the machines.

"We face the challenges of increasing frequency of breakdown and difficulty finding parts for maintenance and repairs," the report quotes the internal document as saying, obtained under the Access to Information Act.

"Moreover, the system software itself is dated, and is more and more difficult to support. . . .

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