Coins

1. Identification and processing of coins suspected of counterfeiting

Cash handlers, with the exception of those referred to in Article 2(13)(g)[1] of Law No. 101 of July 29, 2013, shall submit coins to authentication procedures through the use of compliant equipment or by manual inspection carried out by trained personnel. For coins discarded during the authentication process because they are suspected of being counterfeit, cash handlers must follow the following procedure:
(a) unconditionally retain the coins;
(b) prepare in triplicate theMS report in Annex 3 of Central Bank Regulation 2013-04;
c) advance by e-mail to the Central Bank and the Central Counterfeit Money Office, no later than the second working day after the suspected counterfeit coin is detected, the MS report and photostatic copy of the withdrawn coin;
(d) deliver a copy of the MS report to the customer-exhibitor, unless the coin was found in his absence;
(e) retain a copy of the MS report with a photostatic copy of the withdrawn coin attached;
(f) transmit by hand or by registered mail to the Central Bank, no later than the fifth working day following the day of receipt of the coin, a copy of the MS report with the withdrawn coin.
Banks only shall be granted the right to provide for the provisions of subparagraph (f) of the preceding paragraph, also by transmission through the Domestic Reciprocal Exchange service.

2. Instructions for completing the report for suspected counterfeit coins

Cash handlers must complete fields 1 to 25, for the MS report, in accordance with the following instructions:
1) indicate a progressive unique alphanumeric number or identifier;
2) specify the date of the minutes (day, month, year);
3) indicate the name of the verbalizing cash handler, the full address of the branch/agency/office that made the collection, if any, telephone and fax numbers;
4 and 5) indicate the Abi and Cab codes, if any;
6) indicate the economic operator code (E.O.C.);
7) specify the date the coin was identified (day, month, year);
8) indicate the denomination of the coin withdrawn;
9) indicate the country to which the withdrawn coin is traceable;
10) indicate the year of issue, as indicated on the withdrawn coin;
11) Indicate for each line, the number of withdrawn coins bearing the same denomination, nation and year of issue;
12) indicate the arithmetic total of the "number of pieces" column;
13) indicate the number of forms attached, to be used in case the four lines preprinted in Section B) are not sufficient. These attachments will bear the reference protocol 1) of the MS report of which they are an integral part;
14) mark an X on the box "In the presence of the exhibitor" if the collection is made directly in the presence of the exhibitor. Otherwise, mark the box "In the absence of the exhibitor." In "Other useful information," enter other ways in which the coin is found or exhibited (e.g., spontaneous delivery by the exhibitor requesting a determination of legitimacy or forgery).
15, 16, 17 and 18) indicate the exhibitor's identification data, taken from an identity document or acquired orally (self-styled), by placing an X respectively on the corresponding box;
19) indicate the address, even if different from the registered residence, at which the exhibitor can be traced;
20) indicate the telephone number at which the exhibitor can be traced;
21) indicate the manner in which the exhibitor came into possession of the coins;
22, 23) indicate the surname and first name of the operator who collects the coin;
24) affix stamp of the obligor and signature of the verbalizing operator;
25) if present have the coin exhibitor's signature in full.

3. Identification and treatment of euro coins unfit for circulation.

The cash handlers shall withdraw from circulation and transmit to the Central Bank, for replacement or reimbursement, the graded coins discarded during the authentication process referred to in the paragraph on the identification and processing of coins suspected to be unfit for circulation, which are not found to be suspected of counterfeiting. In the cases referred to in the preceding paragraph, cash handlers shall follow the following procedure:
(a) unconditionally retain the coins;
(b) deliver to the Central Bank the coins withdrawn as unfit, in compliance with the provisions of Article 28 of Law No. 101 of July 29, 2013, and indemnifying the Central Bank for the failure to redeem coins that, as a result of the checks carried out by the Central Bank, may be found to be suspected of counterfeiting.

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[1] Economic operators such as merchants and gambling and games of chance houses referred to in Law No. 67 of July 25, 2000, who participate in an ancillary capacity in the management and distribution of banknotes to the public through ATMs within the limits of said ancillary activities