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GR-10.1.2

Licensees must have in place counterfeit detection machines that comply with the following requirements:

(a) The detection machines must be used to verify the validity of all Bahraini currency submitted to licenseesG (including any branch);
(b) LicenseesG should have a suitable number of machines at each outlet to handle the volume of banknotes they ordinarily receive. Every outlet must have at least one such detection machine.
(c) A teller (or any other person who accepts cash from the public) must check the validity of all the banknotes he receives on a detection machine. LicenseesG should ensure that tellers have been given adequate training in receiving banknotes and are familiar with the security features of Bahraini notes; and
(d) LicenseesG should endeavour to have detection machines that employ state-of-the-art detection technology. What constitutes 'state-of-the-art detection technology' shall be left for the determination of licenseesG , but the management of such licenseesG must apply their judgement as to the suitability of the technology they are employing and be prepared to justify their choices to the CBB upon request.
October 2010
 Versions
(1 Version)
 
Oct 1 2010 onwards
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