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Destruction of banknotes

February 3, 2021

A process by which a central bank destroys banknotes that are unfit to return
into the fiduciary circulation. This is the last step in the life of the banknote.
The destruction can be done manually or mechanically, and the latter may be
online or offline. Online destruction is directly performed by automated sorting
machines, without interruption of the treatment process. The process needs to
be controlled in a very special way, since there is no possibility of verification
or reconciliation.