Banknotes and Coins Glossary

Banknotes and Coins Glossary

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Alteration 
The modification of a document so that it passes as genuine under normal circumstances of use.
Armoured vehicle 

A vehicle plated with iron or steel sheets which protect the people and items carried inside it. Armoured vehicles are used to transport Banco de España euro notes.

Automated teller machines 
Electronic devices which mainly allow cash withdrawals by a payment card holder.
Average note life 

The average time that passes between the banknote being issued for the first time and it returning to the central bank and being withdrawn from circulation. This is usually longer for high-value notes than for low-value ones, which deteriorate more rapidly due to their more frequent use.

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