Mutilated and Contaminated Currency Policy and Disposal Procedures

The handling of **mutilated, unfit, and contaminated currency** presents unique operational, health, and legal challenges for a central bank. This course provides a comprehensive guide to developing and enforcing clear policies for the appraisal, replacement, and secure disposal of damaged or contaminated notes and coin. Participants will learn the rigorous criteria for compensating the public and financial institutions for mutilated currency, balancing service with fraud prevention. Critical emphasis is placed on establishing **safe handling protocols** for biohazardous or chemically contaminated cash, ensuring personnel safety and minimizing environmental risk during the destruction phase, all while maintaining strict audit trails for accountability.