Cash handlers

Banknotes and coins in the Slovak Republic may be processed for other person’s National bank of Slovakia, banks under banking licence and by processors of banknotes and coins (hereinafter “processors”).

A processor shall be a business legal person whose registered office is in the Slovak Republic and which processes banknotes and coins for other persons under a licence to process banknotes and coins which shall be taken by the National bank of Slovakia on the basis of written application. To process banknotes and coins shall mean to sort them by authenticity and quality, by number and denomination, and to wrap them in a suitable packaging material.

The decision on issuing a licence to process banknotes and coins shall be taken by the National Bank of Slovakia on the basis of a written application business legal person, the applicant must meet the following conditions in order to gain licence for processing banknotes and coins which are listed in paragraph 17f (3) of the law of Act of the National Council of the Slovak Republic No. 566/1992 Coll. on the National Bank of Slovakia and paragraph 10 and 11 Decree of the National bank of Slovakia No. 607/2008 Coll. of 16 December 2008 on some details of cash currency circulation and on amendments to certain decrees, as amended by Decree No. 11/2011 of the National bank of Slovakia.

In addition, for processing euro banknotes and euro coins more severe rules are applicable which result in duty to meet other conditions according to separate rules which are valid in eurozone for processing euro banknotes and euro coins. For instance, ECB Decision of 16 September 2010 on the authenticity and fitness checking and recirculation of euro banknotes as amended by Decision ECB/2012/19 of 7 September 2012, Regulation (EU) No 1210/2010 of the European Parliament and of the Council of 15 December 2010 concerning authentication of euro coins and handling of euro coins unfit for circulation.

The licence for processing banknotes and coins issued by National bank of Slovakia in Slovak Republic is owned at present by four cash handlers which are mentioned below: