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What Is The Function Of The Banknote Sorting Machine?

Jan 15, 2023


1. Standard requirements

Banknotes are the business card of a country and represent the country's image. In order to improve the image of the RMB and promote its integration with international currencies, the People's Bank of China has paid more and more attention to the RMB in circulation.

The requirements of the standard of cleanliness of the face and the introduction of special policies for this:

In 1998, the central bank formulated the "Critical Standard for Damaged RMB";

From May 1, 2000, the "Regulations of the People's Republic of China on the Administration of Renminbi" shall be implemented;

In 2001, the "Basic Standard of "70% New" Banknotes was implemented;

On January 1, 2004, the central bank issued a new regulation on the implementation of the "Critical Standard for Renminbi Not Suitable for Circulation" on cash in circulation, which shows that the central bank attaches great importance to the quality of cash currency vouchers. The banknote sorting machine is the equipment for comprehensive sorting and processing of the quality of the banknotes, and the sorted banknotes meet the above requirements.

2. Satisfy the requirements for additional issuance of cash

Since the 1990s, China's national economy has entered a stage of rapid development. With the rapid economic development of our country, commercial activities have become very frequent, making the number of currency issuance stars increase year by year. Therefore, the processing volume of issued banknotes and the processing of circulating banknotes Increasingly, the traditional manual money counting and money counting machines can not meet the needs of development.

3. ATM processing needs

The business of the bank is not just the traditional deposit and withdrawal, in order to strengthen the competitiveness, new business emerges one after another. With the rapid popularization of automated cash processing machines such as ATMs, cash deposit machines, teller cash dispensers, and teller cash recycling dispensers, more circulating banknotes are needed.

4. The need for anti-counterfeiting

Counterfeit RMB banknotes are rampant, and cases of counterfeiting and selling are emerging one after another. In terms of anti-counterfeiting currency in banks, the banknote sorting machine has undertaken the last line of defense with its highest anti-counterfeiting technology.

5. The need for a new business model

As the central treasury centralized sorting mode is gradually adopted by commercial banks, the use of sorting machines will gradually expand. The advantages of centralized sorting are: macroscopically, it adapts to the needs of financial institutions' internal central treasury centralized and flat management reforms, and makes the central treasury business a cash reserve center, a cash adjustment center, a cash transfer center, an hourly sorting center, and a cash flow center. The service center can finally achieve the purpose of intensive operation of currency business; microscopically, it can reduce the cost of cash processing and improve the working efficiency of the treasury. from

And make the treasury and sorting function maximize the economic benefits, reduce treasury risks, and strengthen cash monitoring and management.


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