BoE publishes code of conduct for ‘local recycling' of cash

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The Bank of England's (BoE) Strategic Cash Group (SCG) today published the final version of its Code of Conduct for the Authentication of Machine-Dispensed Banknotes, following a consultation that began in February.

The code sets out banknote authentication standards for businesses that self-fill their ATMs or self-service check-outs – so-called Customer-Operated Cash Dispensers (COCDs) – using banknotes tendered by members of the public – a process known as ‘local recycling'.

In a statement, th

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