Retailers are expected to face significant challenges in order to accommodate new polymer banknotes. In Independent Retail News, Matthew Shaw, Head of Marketing, CMSpi, explains how the new notes will be particularly problematic for retailers with self-fill ATMs as the ATM cassettes are able to hold either polymer or paper notes – not both. This will result in increased banking costs. In addition, during the period of co-circulation, retailers may not receive the volume of polymer notes needed to replenish their new polymer-dispensing machines and subsequently will need to buy in extra polymer notes – again, incurring costs. Retailers must therefore ensure they plan ahead to try to mitigate additional costs during this time.
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