Ecuador to implement a system for inking stolen ATM banknotes to render them unusable

According to the Bank's resolution, the security ink is non-toxic to human health and will serve to mark real currency in a permanent and non-reversible manner.

RIO DE JANEIRO, BRAZIL - The Central Bank of Ecuador will implement a new security mechanism to combat crime and ATM theft. The Intelligent Banknote Neutralizer System will stain the bills with special ink. The stained money will lose its value and cannot be used as a means of payment. All financial institutions in the country will have to apply the measure gradually.

An administrative resolution approved by Guillermo Avellán, general manager of the Central . . .

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