Don’t keep bank notes at home, says CBC

The Central Bank (CBC) advised the public on Friday against keeping bank notes at home or at their place of work because they may suffer damage and lose their value.

This came following a recent trend, according to the CBC, of members of the public asking that their damaged banknotes be exchanged for new ones.

“Bank notes that for whatever reason have been damaged (partially burned, stained, soaked or altered due to moisture) cannot be exchanged if more than half of the note has been destroyed or damaged to the extent that its authenticity cannot be confirmed,” the CBC said.

The public is asked to take into consideration, the CBC added, such dangers when deciding to keep banknotes at home or anywhere else.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.