December 5, 2023

The Central Bank of Ecuador (BCE) announced on January 17 that it will require the use of anti-theft dyes to deter attacks on cash stocks.

Regulations passed by the central bank in December require financial institutions to install an “Intelligent Banknote Neutralization System” (IBNS) to stain stolen banknotes. The ink used must be non-toxic and non-removable. According to the resolution, marked banknotes will be “devalued”.

Commercial banks will receive marked notes recovered by BCE.only